Bowery Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $193 per board. This includes 25 pounds of direct materials, at the budgeted price of $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). Price variance Efficiency variance Flexible-budget variance 3.00 per hour. Following are additional data for the month of July: X el Data table kel av 5,300 units 210,000 pounds bril $672,000 Eff Units completed Direct material purchases Cost of direct material purchases Actual direct manufacturing labor-hours Actual direct labor cost Direct materials efficiency variance 48,000 hours Fle $676,800 $1.400 F There were no beginning inventories. Print Done