Compute the cost and efficiency variances for direct materials and direct labor. Does the pattern of variances suggest Quality Fender's managers have been making? trade-offs? Explain.

Quality Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018, using 146,000 square feet of extruded vinyl purchased at $1.10 per square foot. Production required 430 direct labor hours that cost $16.50 per hour. The direct materials standard was seven square feet of vinyl per fender, at a standard cost of $1.15 per square foot. The labor standard was 0.024 direct labor hour per fender, at a standard cost of $15.50 per hour Read the reau Requirement -x Begin with the variance is fav SQ standaro and direct labor, and identify whether each H = fixed overhead; SC standard cost Compute the cost and efficiency variances for direct materials and direct labor. Does the pattern of variances suggest Quality Fender's managers have been making trade-offs? Explain Direct labor c Print Done