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

$$550,750$

$15,480$

$14,960$

$$49,100F$

$$351,100$

$$21$

Variable 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 intermediate calculations. Indicate the effect of each variance by selecting $"$F$"$ for favorable, or $"$U$"$ for unfavorable. If there is no effect, do not select either option.

$\backslash$table$[[$Direct labor:,,,$],[$Price variance,$$,49,100,F$