= Homework: Chapter 7 Homework >> Question 16, P7-39 (similar to) Part 1 of 7 HW Score: 65.56%, 19.67 of 30 points Points: 0.38 of 2 Save Oyster Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $216 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 $14.00 per hour. Following are additional data for the month of July: (Click the icon to view the data.) Read the requirements. X % Requirements % % Requirement 1. Compute direct manufacturi Price variance Efficiency variance Flexible-budget variance 1. Compute direct manufacturing labor variances for July. 2. Compute the actual pounds of direct materials used in production in July. 3. Calculate the actual price per pound of direct materials purchased. 4. Calculate the direct materials price variance. Print Done Help me solve this Etext pages Get more help Clear all Check answer