Records at the Farnsworth Corporation contained the following data for the most recent period of activity:

Actual total direct labor cost	$ 550,750
Actual direct labor-hours worked	15,480
Standard direct labor-hours allowed for actual output (flexible budget)	14,960
Direct labor price variance	$49,100 F
Actual variable overhead	$ 351,100
Standard variable overhead rate per standard direct labor-hour	$ 21

Variable overhead is applied based on standard direct labor-hours allowed.

Required:

Compute the labor and variable overhead price and efficiency variances.