side the following data collected for Great Homes, Inc.: Data Table (Click the icon to view the data table.) Requirement Compute the price, efficiency, and flexible-budget variances for direct materials and direct manufacturing labor. First compute the price, efficiency, and flexible-budget variances for direct materials. Label each variance as favorable (F) or unfavorable (U). Price variance Efficiency variance Flexible-budget variance Now compute the price, efficiency, and flexible-budget variances for direct manufacturing labor. Label each variance as favorable (F) or unfavorable (U). 0 Data Table Price variance Efficiency variance Flexible-budget variance Direct Materials Direct Manufacturing Labor Costs incurred: Actual inputs x actual prices 200,000 $ 214,000 90,000 86,000 Actual inputs x standard prices Standard inputs allowed for actual output x standard prices 225,000 80,000 Print Done Choose from any list or enter any number in the input fields and then continue to the next