Records at the Farnsworth Corporation contained the following data for the most recent period of activity:
Actual total direct labor cost
Actual direct laborhours worked
Direct labor price variance
Actual variable overhead
Required:
Compute the labor and variable overhead price and efficiency variances.
Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting F for favorable, or for unfavorable. If there is no effect, do not select either option.
table Answer is not complete.,Direct labor:,,Price variance,FEfficiency variance,Variable overhead:,,Price variance,UEfficiency variance,U
