ICQ#1 7-34 Direct manufacturing labour and direct materials variances, missing data. (CMA, adapted) Hangs) manufactures breglass paddleboards. The standard cost of direct materials and direct manufacturing labour is $100 per board. This includes 20 kilograms of direct materials, at the budgeted price of $2 per kilogram, and 5 hours of direct manufacturing labour, at the budgeted rate of $12 per hour. Following are additional data for the month of July: Units completed 6,000 units Direct material purchases 150,000 kilograms Cost of direct material purchases $292,500 Actual direct manufacturing labor-hours 32,000 hours Actual direct-labor cost $368,000 Direct materials efficiency variance $ 12,500 U There were no beginning inventories. REQUIRED 1. Compute direct manufacturing labour variances for July. 2. Compute the actual kilograms of direct materials used in production in July. 3. Calculate the actual price per kilogram of direct materials purchased. 4. Calculate the direct materials price variance