P24-4B The City of Jackson has a shop that manufactures park benches. The manager of the shop uses standard costs to judge performance. Recently, a clerk mistakenly threw away some of the records, and the manager has only partial data for October. The manager knows that the direct labor flexible budget variance for the month was $404 F and that the standard labor price was $7.25 per hour. A recent pay cut caused a favorable labor price variance of $0.30 per hour. The standard direct labor hours for actual October output were 3.200. Required 1. Find the actual number of direct labor hours worked during October. First, find the actual direct labor price per hour. Then, determine the actual number of direct labor hours worked by setting up the computation of the direct labor flexible budget variance of $404 F. 2. Compute the direct labor price and efficiency variances. Do these variances suggest the manager may have made any tradeoffs? Explain.