Variable Cast Variances The records of Simon Company show the following for February 15 $30 Standard fabor-hours allowed per unit of output. Standard variable overhead rate per standard direct labor-hour. ......... Good units produced..... Actual direct labor hours worked Actual total direct labor....... Direct labor efficiency variance Actual variable overhead ... 60,000 92,000 $1,975,000 . $40,000U $2,560,000 Standard direct labor rate is $20/DLH. V ! . . Required Compute the direct labor and variable overhead price and efficiency variances