Consider the following data collected for Excel Construction Trailers Direct Direct Manufacturing Materials Labour Costs incurred. Actual inputs x actual rates $ 208,000 $ 80.000 Achual inputs standard rates 215.000 85.000 Standard inputs allowed for actual outputs x standard rates 217.000 30.000 Required Compute the rato, efficiency, and flexible-budget variances for direct materials and direct manufacturing labour. Compute the rate officiency, and flexible budget variances for direct materials. Label each variance as favourable (F) or unfavourable (U) Rate variance Elficiency variance Flexible-budget varianos Compute the rato, efficiency and flexible-budget variances for direct manufacturing Labour Label each variance as tavourable (F) or unfavourable (U) Rate variance Emiciency variance Flexible-budget variance Choose from any list or enter any number in the input fields and then continue to the next