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Records at the Farnsworth Corporation contained the following data for the most recent period of activity: Actual total direct labor cost Actual direct labor -

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Records at the Farnsworth Corporation contained the following data for the most recent period of activity:
Actual total direct labor cost
Actual direct labor-hours worked
Standard direct labor-hours allowed for actual output (flexible budget)
Direct labor price variance
Actual variable overhead
Standard variable overhead rate per standard direct labor-hour$21Variable overhead is applied based on standard direct labor-hours allowed.Required:Compute the labor and variable overhead price and efficiency variances.Note: Do not round Intermedlate colculatlons. Indicate the effect of each varlance by selecting "F" for fovorable, or "U" for unfovorable. If there is no effect, do not select elther option.Answer is not complete.
\table[[Direct labor:],[Price variance,,FC
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