The records of Simon Company show the following for February:

Standard labor-hours allowed per unit of output		1.0
Standard variable overhead rate per standard direct labor-hour	$	24
Good units produced		60,000
Actual direct labor-hours worked		61,000
Actual total direct labor	$	2,667,000
Direct labor efficiency variance	$	40,000	U
Actual variable overhead	$	1,257,000

Required:

Compute the direct labor and variable overhead price and efficiency variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)