Data table Data table During 2017, actual number of units produced and sold was 4,800, at an average selling price of $720. Actual cost of direct materials used was $392,700, based on 66,000 pounds purchased at $5.95 per pound. Direct manufacturing labor-hours actually used were 18,300 , at the rate of $48.00 per hour. As a result, actual direct manufacturing labor costs were $878,400. Actual fixed costs were $1,170,000. There were no beginning or ending inventories. Aindattang tveor cick en kon is wew the datel Rewtind Requirement 2. Compute price and efficiency variances for diect materials and dired manutacturng habor. Compute the price and etsiency vatiances sor drect materak. Latel each yariance as fevorable if) or irfavorable (t) Read the requirements. Data table -volume varia emplete the fie ero, do not se Actaal Results id efficiency variances for direct materials and direct manufacturing laber: manufactures bust statues of famous historical figures. All statues are the same size. Each tame amount of resources. The following information is from the static budget for 2017: Standard quantities, standard pr to view the static budget data.) manufacturing labor: (Click the icon to view the di Data table Requlrement 1. Cabalate the sales-velume variance and fiecele-budget vinunce ber gpenaing income. appropriate feld. it the varianoe is zero. da not seiact a label) Requiement 2. Compute pree and efieiency wariasee for diect maierits and dared marubatury bege. Requirement 2. Compute price and efficiency variances for direct materials and direct manutacturing labor. Compute the price and efficiency variances for direct materials. Label each variance as tavorable (F) or unfavorable