the budgeted rate of $$14\mathrm{.}50$ per hour. Following are additional data for the month of July:

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Read the requirements.

Requirement $1.$ Compute direct manufacturing labor variances for July. Label each variance as favorable $($F$)$ or unfavorable $($U$).$

Requirements

Compute direct manufacturing labor variances for July.

Compute the actual pounds of direct materials used in production in July.

Calculate the actual price per pound of direct materials purchased.

Calculate the direct materials price variance.