View Policies Current Attempt in Progress Waterway Industriesmanufactures a product with a standard direct labor cost of two hours at $18 per hour. During July, 3100 units were produced using 6500 hours at $18,30 per hour. The labor price variance was O $7350 O $7350F 0 $54000, O $1950 Save for Later Attempts: 0 of 1 used Submit Answer Current Attempt in Progress Budget data are not recorded in cost accounting systems with the exception of O cash budget data. O direct labor budgets. O the application of manufacturing overhead. O direct materials budgets. Save for Later Attempts: 001