Data table Half Moon Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $211 per board. This includes 35 pounds of direct materials, at the budgeted price of $2 per pound, and 10 hours of direct manufacturing labor, at the budgeted rate of $14.10 per hour. Following are additional data for the month of July: (Click the icon to view the data.) Read the Requirements 1. Compute direct manufacturing labor variances for July. 2. Compute the actual pounds of direct materials used in production in July. 3. Calculate the actual price per pound of direct materials purchased. 4. Calculate the direct materials price variance