Chrome File Edit View History Bookmarks Profiles Tab Window Help A O Q Fri Sep 30 3:58 PM Student Portal | Main h ACC-260 Topic 4: Flexible Bud x P Do Homework - ACC-260 Topic *Course Hero x C mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=635011398&questionld=2&flushed=false&cld=7138004&back=DoAssignments.aspx?view=h... G 1) : M Gmail Google Docs | Student Portal | M... G Google Q24E Preparing a... IRR Louis Vuitton Mon... Coralayne King U... CourseHero qb QuickBooks ACC-260-0500 Janae Telsee 09/30/22 1:58 PM Homework: ACC-260 Topic 4 Assignment Question 3, E23-19 (similar to) HW Score: 36%, 36 of 100 points Part 2 of 4 Points: 13 of 20 Save K Best Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018, using 141,000 square feet of extruded vinyl purchased at $1.25 per square foot. Production Question list required 410 direct labor hours that cost $12.50 per hour. The direct materials standard was seven square feet of vinyl per fender, at a standard cost of $1.30 per square foot. The labor standard was 0.024 direct labor hour per fender, at a standard cost of $11.50 per hour Read the requirement. Question 1 x Question 2 Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct labor, and identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used: AC = actual cost; AQ = actual quantity; FOH = fixed overhead; SC = standard cost; SQ = standard quantity.) Formula Variance Question 3 Direct materials cost variance (AC - SC) x AQ $ 7,050 F Direct labor cost variance (AC - SC) x AQ $ 410 U Question 4 Select the required formulas, compute the efficiency variances for direct materials and direct labor, and identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used: AC = actual cost; AQ = actual quantity; FOH = fixed overhead; SC = standard cost; SQ = standard quantity. Formula Variance O Question 5 Direct materials efficiency variance Direct labor efficiency variance Help me solve this Demodocs example Get more help - Clear all Check answer SEP 30 NO A