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6. (20 pts) Consider the following data for a manufacturing company Direct $7.90/lb $7.50/lb Materials Direct Labor Actual price per unit of input Standard price per unit of input Standard input allowed per unit of output Actual units of input Actual units of output (product) produced 14.400 S11.50hr 13.55/hr 2 hr 35,000hr 14.400 10 lb 125,000lb Compute the price, quantity, and flexible-budget variances for: a) Direct materials b) Direct labor