The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of output Standard variable overhead rate per standard direct labor-hour Good units produced Actual total direct labor Actual direct labor-hours worked Direct labor efficiency variance Actual variable overhead 1.6 $ 31 60,000 98,000 $2,188,000 $ 40,000 U $2,940,000 Required: Compute the direct labor and variable overhead price and efficiency variances. (Do not round intermediate calculations. Ind effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either optie Direct labor: Price variance Efficiency variance Variable overhead: Price variance Efficiency variance