$2 per pound, and 11 hours of direct manufacturing labor, at the budgeted rate of $13.00 per hour. Following are additional data for the month of July: (Click the icon to view the data.) Read the requirements. Requirement 1. Compute direct manufacturing labor variances for July. Label each variance as favorable (F) or unfavorable (U). Requirements Data table 1. Compute direct manufacluring labor variances for July. 2. Compute the actual pounds of direct materials used in production in July. 3. Calculate the actual price per pound of direct materials purchased. 4. Calculate the direct materials price variance