Consider the following data collected for Cozy Homes, Inc.: (Click the icon to view the data table.) Required Compute the price, efficiency, and flexible-budget variances for direct materials and direct manufacturing labour. First compute the price, efficiency, and flexible-budget variances for direct materials. Label each variance as favourable (F) or unfavourable (U). Price variance Efficiency variance Flexible-budget variance Now compute the price, efficiency, and flexible-budget variances for direct manufacturing labour. Label each variance as favourable (F) or unfavourable (U). Price variance Efficiency variance Flexible-budget variance i Data Table X - Direct Materials Direct Manufacturing Labour $ Costs incurred: Actual inputs x actual prices Actual inputs x standard prices Standard inputs allowed for actual output x standard prices 214,000 $ 219,000 90,000 86,000 231,000 82,000