Freshman Com Hole is a small business that Marcus Mercado developed while in college. He began building wooden com hole game sets for friends, hand painted with college colors and logos As demand grew, he hired some workers and began to manage the operation. Freshman Com Hole maintains two departments: construction and painting. In the construction department workers use wood to make the game sets. Freshman Com Hole has some employees who have been with the company for a very long time and others who are new and inexperienced. (Click the icon to view more information.) Requirement 1. For the construction department, calculate the price and efficiency variances for the wood and the price and efficiency variances for direct manufacturing labor. Begin by calculating the price and efficiency variances for the wood. (Do not round any intermediary computations. Enter the amount of the variance, then select whether it is favorable (F) or unfavorable (U).) Price variance Efficiency variance Calculate the price and efficiency variances for direct manufacturing labor. (Enter the amount of the variance, then select whether it is favorable (F) or unfavorable (U)) Price variance Efficiency variance