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Part 1

Bodega Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $206 per board. This includes 40 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:

Data table

Units completed	5,100 units
Direct material purchases	220,000 pounds
Cost of direct material purchases	$594,000
Actual direct manufacturing labor-hours	45,000 hours
Actual direct labor cost	$634,500
Direct materials efficiency variance	$1,100 F

There were no beginning inventories.

example on how requirement 1 look please answer all 4 requirements Requirement 1. Compute direct manufacturing labor variances for July. Label each variance as favorable (F) or unfavorable (U).

Price variance	?	?
Efficiency variance	?	?
Flexible-budget variance	?	?

Requirements

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.