E7-27 (book/static) Question Help Consider the following data collected for Great 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. First compute the price, efficiency, and flexible-budget variances for direct materials. Label each variance as favorable (F) or unfavorable (U). Price variance Data Table Efficiency variance Flexible-budget variance Direct Direct Materials Manufacturing Labor Costs incurred: Actual inputs x actual 200,000$ 90,000 prices 86,000 Actual inputs x standard prices 214,000 Standard inputs allowed for actual output x standard prices 225,000 80,000 Print Done Choose from any list or enter any number in the input fields an