Direct,Direct ,Materials,Manufacturing Labor Costs incurred: Actual inputs x actual prices,"$216,000","$94,000" Actual inputs x standard prices,"225,000","93,000" Standard inputs allowed for actual output,, x standard prices,"227,000","92,000"

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