The following data reflect the current month’s activity for vickers corporation. actual total direct labor $ 691,160 actual hours worked 37,000 standard labor-hours allowed for actual output (flexible budget) 35,500 direct labor price variance $ 11,840 f actual variable overhead $ 157,700 standard variable overhead rate per standard direct labor-hour $ 4.30 variable overhead is applied based on standard direct labor-hours allowed. required: compute the labor and variable overhead price and efficiency variances