Consider the following data collected for Blakes Construction Trailers: Direct Direct Manufacturing Materials Labour Costs incurred: Actual inputs x actual rates $ 199,000 $ 90,000 Actual inputs x standard rates 206,000 89,000 Standard inputs allowed for actual outputs x standard rates 210,000 88,000 Required Compute the rate, efficiency, and flexible-budget variances for direct materials and direct manufacturing labour. Compute the rate, efficiency, and flexible-budget variances for direct materials. Label each variance as favourable (F) or unfavourable (U). Rate variance Efficiency variance Flexible-budget variance