Consider the following data collected for Classic Homes, Inc.: (Click the icon to view the data table.) Requirement Compute the prion, efficiency, and flexible-budget variances for direct materials and direct manufacturing labor. First compute the price officiency, and flexible-budget variances for direct materials. Label each variance as favorable (F) or unfavorable (U). Price variance Efficiency variance Flexible-budget variance Now compute the price officiency, and flexible budget variances for direct manufacturing labor Label each variance as favorable (For unfavorable Price variance Efficiency variance Flexible-budget variance 0 Data Table Direct Manufacturing Labor Direct Materiale 80.000 Costs incurred: Actual inputs actual prices Actual inputs standard prices Standard inputs allowed for actual output standard prices 205,000 210.000 Print Done Choose from any list or enter any number in the input fields and then continue to the next