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CoursHeroTranscribedText: Exercise for (similar to) Consider the following data collected for Durable Homes, Inc.: (Click...

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CoursHeroTranscribedText: Exercise for (similar to) Consider the following data collected for Durable Homes, Inc.: (Click the icon to view the data table.) Required Compute the price, efficiency, and flexible-budget variances for direct materials and direct manufacturing labour. First compute the price, efficiency, and flexible-budget variances for direct materials. Label each variance as favourable (F) or unfavourable (U). Price variance Efficiency variance Flexible-budget variance i Data Table X Direct Direct Manufacturing Materials Labour Costs incurred: Actual inputs x actual prices $ 204,000 $ 88,000 Actual inputs x standard prices 209,000 86,000 Standard inputs allowed for actual output x standard prices 213,000 85,000 Print Done Choose from any list or enter any number in the input fields and then click Check

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