Young Bay Sufboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $201 per board. This includes 30 pounds of direct materials, at the budgeted price of $2 per pound, and 10 hours of direct manufacturing labor, at the budged rate of $14.10 per hour. Following are additional data for the month of July.

Units completed 5,200 units

Direct material purchases 180,000 pounds

Cost of direct materials purcahses $558,000

Actual direct manufacturing labor hours 41,0000 hours

Actual direct labor cost $590,400

Direct materials efficiency variance $1,400 F

There were no beginning inventories

1. Compute direct manufacturing labor variances for July

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

3. Calculate the actual price per pound of direct materials purchased

4. Calculate the direct materials price variance

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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

(THIS IS HOW THE FIRST(1ST) QUESTION SUPPOSE TO LOOK)

Price variance:? ( f or u)

Efficiency variance:?

Flexible-budget variance:?