Young Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct $n$ direct materials, at the budgeted price of $$2$ per pound, and $11$ hours of direct manufacturing labor, at the bud 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

Price variance

Efficiency variance

Flexible$-$budget variance

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