* Requirements 3. Compute the January 2017 price and efficiency variances of direct materials and direct manufacturing labor. Prepare journal entries to record the variances in requirement 1. Comment on the January 2017 price and efficiency variances of Schuyler Corporation Why might Schuyler calculate direct materials price variances and direct materials efficiency variances with reference to different points in time? Standards XS the flex Direct materials: 10 lb. at $4.50 per lb. Direct manufacturing labor: 0.5 hour at $30 per hour $ 45.00 15.00 al outp Actual Data act materials a infavora ficiency riances Actual results in January 2017 were as follows: Direct materials: 98,055 lb. used Direct manufacturing labor: 4,900 hours $154,350 Print Done ut fields and