During January, Martinez Co. incurs 1,940 hours of direct labor at an hourly cost of $11.80 to produce 1,060 units of its finished product. Martinez's standard labor cost per unit of output is $22 (2 hours $11.00). Compute the total, price, and quantity labor variances for Martinez Co. for January. Identify whether each variance is favorable (F) or unfavorable (U). Enter your variance values without a dollar sign