Consider the following data collected for Excel Homes, Inc.: : (Click the icon to view the data table.) Requirement Compute the price, efficiency, and flexible-budget variances for direct materials and direct manufacturing labor. A Data Table - X First compute the price, efficiency, and flexible-budget variances for direct materials. Label each variance as favorable (F) or unfavorable (U). Price variance Efficiency variance Flexible-budget variance Direct Materials Direct Manufacturing Labor Now compute the price, efficiency, and flexible-budget variances for direct manufacturing labor. Label each variance as favorable (F) or unfavorable (U). Costs incurred: Actual inputs x actual prices 210,000 $ 217,000 85,000 82,000 Price variance Efficiency variance Flexible-budget variance Actual inputs x standard prices Standard inputs allowed for actual output x standard prices 219.000 80,000 Print Done