ch Deluxe Guard, which used a standard cost accounting system, manudfactured 190,000 boat fenders aving the yea using 1,380000 fect of extnuded viny that cost $16.00 per hour. The materials standard was 7 feot of vinyl per fender at a standard cost of $1.50 por foot. The labor standard was 0027 direct labor hour per fender at a standard cost of I required 4.300 direct labor hours Read the requirements Requirement 1. Compute the price and quantity variances for direct matorials, Compute the rate and officiency variances for direct labor. (Erter the variances as positive numbors. Enter and your answors to the nearest whole dollar Label the variances as favorable (F) or unfavorable (U) Abbreviations used DM -Direct materials, DL - Direct labor ) curency amounls to the nearest cont Beg wth the vaances tor sr mataials. Finst salamine the (orm tu h droed masoith pice vatame ton conpute the pice vataeche cuy driahprchnadi eu DM price variance Determine the formula for the direct materials quantity variance, then compute the quanlity variance for direct materials DM quantity variance Next, compute the variances for direct labor. First, determine the formula for the rate variance, then compute the rate variance for direct labor x ( Determine the formula for direct labor the officiency variance, then compute the officiency variance for direct laboc Choose from any ist or enter any number in the input tields and then continue to the next question Prtse Sysu F12 Pauve ns Break. F2 F3 F4 Esc Badspaxe ods