The records of Norton, Inc. show the following for July:

Standard labor-hours allowed per unit of output. . . . . . . . 1.2

Standard variable overhead rate per

standard direct labor-hour. . . . . . . . . . . . . . . . . . . . . . . $45

Good units produced. . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,000

Actual direct labor-hours worked. . . . . . . . . . . . . . . . . . . 73,600

Actual total direct labor. . . . . . . . . . . . . . . . . . . . . . . . . . . $2,370,000

Direct labor efficiency variance . . . . . . . . . . . . . . . . . . . . $48,000 U

Actual variable overhead. . . . . . . . . . . . . . . . . . . . . . . . . $3,072,000

Required

Compute the direct labor and variable overhead price and efficiency variances.