Longman, Inc. manufactures lead crystal glasses. The standard direct labor time is 0.4 hour perglass, at a cost of $18 per hour. The actual results for onemonth's production of 7,000 glasses were 0.3 hours perglass, at a cost of $12 per hour. Calculate the direct labor cost variance and the direct labor efficiency variance.

Select theformula, then enter the amounts and compute the cost variance for direct labor and identify whether the variance is favorable(F) or unfavorable(U).