Ex 1 DM, DL Variance Consider the following data. DIRECT DIRECT MATERIAL LABOUR Costs incurred: actual inputs x actual prices incurred $153,000 $79,000 Actual inputs x standard prices 165,000 74,000 Standard inputs allowed for budget 172,500 71,300 Compute the price, usage, and flexible-budget variances for direct material and direct labour. Use U or F to indicate whether the variances are unfavourable or favourable