Direct manufacturing labor and direct materials variances, missing data. (CMA, heavily adapted) Morro Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $225 per board. This includes 30 pounds of direct materials, at the budgeted price of $3 per pound, and 9 hours of direct manufacturing labor, at the budgeted rate of $15 per hour. Following are additional data for the month of July: There were no beginning inventories. Compute direct manufacturing labor variances for July. Compute the actual pounds of direct materials used in production in July. Calculate the actual price per pound of direct materials purchased. Calculate the direct materials price variance