VarianceRatioTest[list1, list2, r] gives a p-value for the test that the ratio of the variances 12 and 22 of the populations from which list1 and list2 were sampled is significantly different from r.
VarianceRatioTest uses the test statistic Variance[list1]/Variance[list2]/r.
VarianceRatioTest is based on an F-ratio distribution with Length[list1]-1 and Length[list2]-1 degrees of freedom.
With the option FullReport->True, VarianceRatioTest also returns the ratio of sample variances, the test statistic, and the distribution used to generate the p-value.