The following data reflect the current month's activity for Vickers Corporation Actual total direct labor Achual hours worked Standard labor hours allowed for actual output (exable budget Direct labor price variance Actual variable overhead Standard variable overhead rate per standard direct labor hour 5045,320 30,000 35.400 S 11.000 F 3150,300 Variable overhead is applied based on standard direct labor hours allowed. Required: Compute the labor and variable overhead price and efficiency variances indicate the effect of each variance by selecting for favorable, or for there is not do not selecteer option) Direct labor Efficiency variance