Homework: Chapter 7 Save Score: 0 of 5 pts 5 of 6 (0 completo) HW Score: 0%, 0 of 18 p P7-39 (similar to) Tutoring Question Help Oyster Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $194 per board. This includes 25 pounds of direct materials, at the budgeted price of $2 per pound, and 10 hours of direct manufacturing Inbor, at the budgeted rato of $14.40 per hour. Following aro additional data for the month of July (Click the icon to view the data) Read the frequirements Requirement 1. Computo direct manufacturing tabor variances for July Label each varlance as favorable (F) or unfavorable (U). Price variance Efficiency variance Flexible-budget variance Choose from any list or enter any number in the input fields and then click Check Answer Tutoring res fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $194 per boa budgeted price of $2 per pound, and 10 hours of direct manufacturing labor, at the budgeted rate of $14.40 per ly: Data Table anufa Units completed Direct material purchases Cost of direct material purchases Actual direct manufacturing labor-hours Actual direct labor cost Direct materials efficiency variance There were no beginning inventories. 5,300 units 210,000 pounds $672,000 41,000 hours $598,600 $1,700 F Print Done number in the input fields and then click Check Answer. Tutoring actures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $194 pe- e budgeted price of $2 per pound, and 10 hours of direct manufacturing labor, at the budgeted rate of $14.40 July: lata.) marr 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. Print Done V number in the input fields and then click Charl Anna