Answer:
The costs and efficiency variances for Direct materials are  7,050 F  and 1500 U  and  The costs and efficiency variances for direct labor are 1,860 F and 1440 U.
Explanation:
Materials:
Standard Budget                          Actual
Units  $	Total            Units  $    Total
140000	1.5	210,000          141000	1.45    204,450
Direct Material Variances:
Direct Material Price Variance = Standard Cost for Actual Quantity – Actual Cost
                                                   = 210,000 - 204,450 
                                                   = 5,550 F
Direct Material Price Usage Variance = Actual Quantity at Actual Price - Standard Quantity at Actual price  
                                                                = 1.45 *( 141,000 - 140,000)
                                                                 = 7,050 F
Direct Material Efficiency Variance 
= Standard Cost of Standard Quantity for Actual Production – Standard Cost of Actual Quantity in Standard Proportion
= 1.5 * (140000 - 141000)
= 1500 U
Labor:
Standard Budget                                        Actual
Hours                        $	Total  Hours	$	Total
540 (20000*0.027)     15.5	8,370  420      16.5	6,930
Direct Labor Variances:
Direct Labor Rate Variance = Actual hours worked × Actual rate – Actual hours worked × Standard rate
= 6,930 - 6,510 
= 420 F
Direct Labor Usage Variance = Actual hours worked × Standard rate – Standard hours allowed × Standard rate
= 15.5 * (420 - 540)
= 1,860 F
Direct Labor Efficiency Variance = Standard Cost of Standard Quantity for Actual Production – Standard Cost of Actual Quantity in Standard Proportion
= 8,370 - 6,930
= 1440 U  
Therefore, The costs and efficiency variances for Direct materials are  7,050 F  and 1500 U  and  The costs and efficiency variances for direct labor are 1,860 F and 1440 U.