Variable Cost Variances The following data reflect the current month's activity for Sills, Inc.: Actual total direct labor .$546,000 Actual hours worked .26,000 Standard labor-hours allowed for actual output.27,000 Direct labor price variance. $ 19,500U Actual variable overhead. $ 132,600 Standard variable overhead rate per standard direct labor-hour.$ 5.25 Variable overhead is applied based on standard direct labor-hours allowed. Compute the labor and variable overhead price and efficiency variances.