Records at the Farnsworth Corporation contained the following data for the most recent period of activity: 

Variable overhead is applied based on standard direct labor-hours allowed. 

Required

Compute the labor and variable overhead price and efficiency variances. 

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Actual total direct labor cost... Actual direct labor-hours worked. Standard direct labor-hours allowed for actual output (flexible budget). Direct labor price variance.. Actual variable overhead.. Standard variable overhead rate per standard direct labor-hour. $468,100 15,100 14,200 $45,300F $347,300 $22