0.027 direct labor hour per fender, at a standard cost of $14.50 per hour. Read the requirement. (Abbreviations used: AC = actual cost; AQ = actual quantity; FOH= fixed overhead; SC = standard cost; SQ= standard quantity.) \begin{tabular}{lll|ll} & \multicolumn{1}{c}{ Formula } & Variance \\ \hline Direct materials cost variance & = & (ACSC)AQ & \\ Direct labor cost variance & = & & \end{tabular}