Consider the following data collected for Superb Homes, Inc.: LOADING...(Click the icon to view the data table.) Requirement Compute the price, efficiency, and flexible-budget variances for direct materials and direct manufacturing labor. Question content area bottom Part 1 First compute the price, efficiency, and flexible-budget variances for direct materials. Label each variance as favorable (F) or unfavorable (U). Price variance 1000 Efficiency variance 5000 F Flexible-budget variance 6000 F Help me solve this Etext pages Get more help pop-up content starts Data table Direct Materials Direct Manufacturing Labor Costs incurred: Actual inputs actual prices $216,000 $93,000 Actual inputs standard prices 215,000 89,000 Standard inputs allowed for actual output standard prices 210,000 88,000