Consider the following data for Brunnell Manufacturing (Click the icon to view the standards.) Read the requirements Requirement 1. Compute the price, quantity, and flexible-budget variances for direct materials and direct labor. Use U or F to indicate whether the variances are unfavorable or favorable. Begin by completing the variance analysis below for direct materials. Be sure to label each variance as favorable or unfavorable. (Enter all amounts as positive numbers. Round your answers to the nearest whole dollar.) A B Flexible Budget Based on Actual . X Data Table Actual Cost Incurred: Actual Inputs x Actual Prices Flexible Budget Based on Standard Inputs Allowed for Actual Outputs Achieved x Standard Prices Inputs x Standard Prices Direct Materials Direct Labor Direct $ 11.70 $ materials Price variance Quantity variance Actual price per unit of input (Ib and hr) Standard price per unit of input Standard inputs allowed per unit of output 13.30 14.00 $ 11.00 $ 10 8 Flexible budget variance Actual units of input 118,900 117,650 Actual units of output (product) 14,700 14,700 Print Done Requirements - X 1. Compute the price, quantity, and flexible-budget variances for direct materials and direct labor. Use U or F to indicate whether the variances are unfavorable or favorable. 2. Prepare a plausible explanation for the performance. Print Done Choose from any list or enter any number in the input fields, then click Check