Oyster Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $223 per board. This includes 40 pounds of direct materials, at the budgeted price of $2 per pound, and 11 hours of direct manufacturing labor, at the budgeted rate of $13.00 per hour. Following are additional data for the month of July: (Click the icon to view the data.) Read the requirements Oyster Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $223 per board. This includes 40 pounds of direct materials, at the budgeted price of $2 per pound, and 11 hours of direct manufacturing labor, at the budgeted rate of $13.00 per hour. Following are additional data for the month of July: (Click the icon to view the data.) Read the requirements