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The following data reflect the current month’s activity for Vickers Corporation. Actual total direct labor $...

The following data reflect the current month’s activity for Vickers Corporation.

Actual total direct labor $ 688,940
Actual hours worked 37,000
Standard labor-hours allowed for actual output (flexible budget) 35,700
Direct labor price variance $ 14,060 F
Actual variable overhead $ 161,700
Standard variable overhead rate per standard direct labor-hour $ 4.40

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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