the direct labor rate variance equals: $ ______ and the direct labor efficiency variance equals:$____. The actual number of pounds of direct materials used was _____ lbs. The actual price paid per lb of material was $___ per lb. and the purchase price variance totaled $_____.

the correct answers are:

blank 1 -64,500 unfavorable

blank 2 241,800 favorable

blank 3 195,600 favorable

blank 4 3.30 per pound

blank 5 -69,000 unfavorable

can you please show me steps and explanations of how to get this correct answers

7-39. DIRECT MANUFACTURING LABOR AND DIRECT MATERIALS VARIANCES, MISSING DATA. (CMA, heavily adapted) Oyster Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $248 per board. This includes 35 pounds of direct materials, at the budgeted price of $3 per pound, and 11 hours of direct manufacturing labor, at the budgeted rate of $13 per hour. Following are additional data for the month of July: There were no beginning inventories