Alex Co. manufacturers car fenders. Alex uses a standard cost system. From . he accounting recor obtained the following information: Number of Fenders Manufactured. 200 LOU Direct materials: Actual , nice per foot ....." $1.03 Standard ince per foot... $1.10 Actual quantity used . 450 000 feet Standard quantity alowed 7 feet of * inyi per fer Direct labor: Actual price per hour . $14.00 Standard price per hour .. $13.00 Actual quanuty used . 4 500 hour Standard quantity al owed wwwww...().025 hours per fende Calculate each o the following and state whether the var unce a fovcrable or unfavorable: 1. Materials Quantity Variance 2. Materials Price Variance 1. Labor Efficiency Variance: 4. Labor Rate Variance Does the vattern of variances suggest . Alex Co. managers have been making trade offs? Explain