= Homework: Homework ch.7 Question 1, E7-27 (similar to) Part 1 of 2 HW Score: 83.21%, 6.66 of 8 points O Points: 0 of 1 Save Previous question Consider the following data collected for Classic Homes, Inc.: EE (Click the icon to view the data table.) Requirement Compute the price, efficiency, and flexible-budget variances for direct materials and direct manufacturing labor. First compute the price, efficiency, and flexible-budget variances for direct materials. Label each variance as favorable (F) or unfavorable ()I Price variance Efficiency variance Flexible-budget variance Data table Costs incurred: Actual inputs x actual prices Actual inputs x standard prices Standard inputs allowed for actual output x standard prices Ps Direct Manufacturing $ Direct Materials 200,000 Labor $ 85,000 203,000 205,000 83,000 82,000 Print Done - X Activate Windows Clear all Check answer 78F Mostly cloudy ^ ENG 9:51 PM 07/20/22