The following data reflect the current month's activity for Sills, Inc.:
Actual total direct labor $546,000
Actual hours worked 26,000
Standard labor-hours allowed for actual output (flexible budget) 27,000
Direct labor price variance $19,500U
Actual variable overhead $132,600
Standard variable overhead rate per standard direct labor-hour $5.25
Variable overhead is applied based on standard direct labor-hours allowed.
Required:
Compute the labor and variable overhead price and efficiency variances.