Paradise Corporation has determined a standard labor cost per unit of $27(0.50 hours $54 per hour). Last month, Paradise incurred 980 direct labor hours, for which it pald $26,705. The company produced and sold 2,700 units during the month. Required: Calculate the direct labor rate, efficiency, and spending variances. Note: Indicate the effect of each variance by selecting " F " for favorable, " U " for unfavorable, and "None" for no effect (li.e., zero variance). Round your intermediate calculations to 2 decimal places