The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration:

Budgeted production 4,700 drills Standard machine-hours per drill 10.0 machine-hours Standard indirect labor $ 9.80 per machine-hour Standard power $ 3.40 per machine-hour Actual production 4,900 drills Actual machine-hours 36,350 machine-hours Actual indirect labor $ 359,888 Actual power $ 121,230

Required:

Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable (F) or unfavorable (U).

(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Variable Overhead Rate Variance Indirect labor Power