Consider the following data:

Compute the price, quantity, and flexible-budget variances for direct materials and direct labor. Use U or F to indicate whether the variances are unfavorable or favorable.

Transcribed Image Text:

Direct Materials $120,495 127,155 Direct Labor $101,255 Costs incurred: actual inputs X actual prices incurred Actual inputs X expected prices Standard inputs allowed for actual outputs 96,250 achieved X expected prices 130,200 92,500