Problem: Records at the Farnsworth Corporation contained the following data for the most recent period of activity. Actual total direct labor cost $ 515, 510 Actual direct labor-hours worked 15, 320 Standard direct labor-hours allowed for actual output (flexible budget) 14, 640 Direct labor price variance $47, 500 F Actual variable overhead $ 349, 500 Standard variable overhead rate per standard direct labor-hour $ 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. Direct labor: Price variance Efficiency variance Variable overhead Price variance Efficiency variance