Consider the following data collected for Superior Homes, Inc.: Click the icon to view the data table.) Requirement Compute the price officiency, 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 Now compute the price, efficiency, and flexible-budget variances for direct manufacturing labor, Label each variance as favorable (F) or unfavorable (U). Price variance Efficiency variance Flexible-budget variance Data Table Costs incurred: Actual inputs actual prices Actual Inputs standard prices Standard Inputs allowed for actual output standard prices Direct Materials $ 199,000 208.000 210,000 Direct Manufacturing Labor $ 94,000 92,000 79,000 Print Done