Consider the following data collected for Durable Homes, Inc ?(Click the icon to view the data table.) Requirement Compute the price, efficiency, and flexible-budget variances for direct materials and direct manufacturing labor. First compute the price, efficiency, and flexible-budget variances for direct materials. Label each variance as favorable (F) or unfavorable (U). Price variance Efficiency variance Flexible-budget variance Data Table Direct Direct Materials Manufacturing Labor 95,000 94,000 Costs incurred: Actual inputs x actual prices 216,000 S 215,000 Actual inputs x standard prices Standard inputs allowed for actual output x standard prices 211,000 84,000 Print Done