The Following Data for November Have Been Provided by Mazzio

Essay

The following data for November have been provided by Mazzio Corporation, a producer of precision drills for oil exploration:
$$\begin{array} { l c } \text { Budgeted production } & 4,000 \mathrm { drills } \\\text { Standard machine-hours per drill } & 8.4 \text { machine-hours } \\\text { Standard indirect labor } & \$ 9.40 \text { per machine-hour } \\\text { Standard power } & \$ 2.90 \text { per machine-hour } \\& \\\text { Actual production } & 4,300 \text { drills } \\\text { Actual machine-hours } & 36,530 \text { machine-hours } \\\text { Actual indirect labor } & \$ 362,756 \\\text { Actual power } & \$ 97,693\end{array}$$
Required:
Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable (F) or unfavorable (U). Show your work.