Bent Fender, which uses a standard cont system, mantactired 20,000 bout fenden duning 2024 , ising 145,000 square feet of tutruded vinpi purchased at 5120 per sayare o oss diced labor hour per fender, at a slandard cont of $12.80 per houg Fiesd the thatinenent Begin with the ceat variances. Select the requred tomulas. compute the cost variances for drect malerials and diect labor, and identfy whether each varance is favorable ( ) er unfavorable (U)