Oso Bay Surlboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $186 per board. This includes 30 pounds of direct materials, at the budgeted price of $2 per pound, and 9 hours of direct manufacturing labor, at the budgeted rate of 14.00 per hour. Following are additional data for the month of July

P7-39 (similar to) Question Help o One thay hoard manufacturards the standard cost of direct mails and direct mandaling laboris 5106 per boart. This includes 10 pounds of direct me at the budgeted price of 52 per pound and hours of dead manufacturing liber at the budgeted rate of 14.00 per hour Folowing are additional data for the month of July tulonta ww the Repulent 1. Complectunturing her variances Label athviranno favorable or untivole (UX Channel i Data Table . 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 200,000 pounds $500,000 39,000 hours $581,100 $1,400 F Print Done then click Check Answer 0 Requirements - X 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