budget data.) es-volume variance and flexible budget variance for operating income com Data table Read the requirements. Xarian Data table A A Re Expected production and sales 7,000 units Standard Quantity Standard Price Standard Unit Cost Expected selling price per unit $ 680 Direct materials 10 pounds $8 per pound 580 Total fixed costs $ 1,400,000 Direct manufacturing labor 3.7 hours $50 per hour $185 Print Done price and efficiency variances for direct materials and direct manufacturing labor. ficiency variances for direct materials. Label each variance as favorable (F) or unfavorable (U). During 2017, actual number of units produced and sold was 4,800, at an average selling price of $720. Actual cost of direct materials used was $392,700, based on 66,000 pounds purchased at $5.95 per pound. Direct manufacturing labor-hours actually used were 18,300, at the rate of $48.00 per hour. As a result, actual direct manufacturing labor costs were $878,400. Actual fixed costs were $1,170,000. There were no beginning or ending inventories Print Done the va X