The following data reflect the current months activity for Vickers Corporation:?

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

Required:

Compute the labor rate and variable overhead spending and efficiency variances. The labor rate variance is also known as the labor pricevariance and the variable overhead spending variance is also known as the variable overhead pricevariance (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.)

Actual total direct labor Actual hours worked Standard labor-hours allowed for actual output (flexible budget) Direct labor rate variance Actual variable overhead Standard variable overhead rate per standard direct labor-hour $678,170 36,500 35,400 15,330 F $159,400 4.40