ed formulas, compute the cost variances for direct materials and direct labor, and identify whether each variance is favorable (F) or unf andard cost; SQ = standard quantity.) Formula Variance Requirement Compute the cost and efficiency variances for direct materials and direct labor. Does the pattern of variances suggest All-Star Fender's managers have been making trade-offs? Explain. Print Done er in the input fields and then click Check Answer. Clear All NI - Fender which uses a standard cool system, manufactured 20.000 boot anders during 2018, using 145,000 of extruded vinyl purchased at $1.15 persuare foot Production required 450 credior hours that cost $13.50 per hour. There w as a nd was even roof in perfonder, at sandard o f 11.20 per were fool. The labor andard was 0.025 director our persondata a Mandard cost of $12.50 per hout Read b ond ados AD Begin with the contracte POH Beed over r ed for and cool compute the cost varices for rent materials and director and try whereach vornostavno por una standard ) Direct materials costarice Direct labor cool variance Choose from any ist or enter any number in the input fields and then gick Che CAL Check Answer All-Star Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018, using 145,000 square feet of extruded vinyl purchased at $1.15 per square foot. Production required 450 direct labor hours that cost $13.50 per hour. The direct materials standard was seven square feet of vinyl per fonder, at a standard cost of $1.20 per square foot. The labor standard was 0.025 direct labor hour per fender, at a standard cost of $12.50 per hour. $6500 in vari 55550 in fire During Augu variable man overhead el a. 53,525F b. 53.500 Read the requirement. $25 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) d. 57,025 F Formula LABAI Variance Variance Expert A Direct materials cost variance Direct labor cost variance nie 3292 Varia Stang Stand Varia Thea thing Com Choose from any list or enter any numb he input fields and then click Check Answer S parts remaining Clear All Check Answer Practice wil Save Homework: Chapter 23 HW B Score: 0 of 1 pt 4 of 5 (1 complete) HW Score: 20%, 1 of 5 pts E23-19 (similar to) Question Help All-Star Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018, using 145,000 square feet of extruded vinyl purchased at $1.15 per square foot. Production required 450 direct labor hours that cost $13.50 per hour. The direct materials standard was seven square feet of vinyl per fender, at a standard cost of $1.20 per square foot. The labor standard was 0.025 direct labor hour per fender, at a standard cost of $12.50 per hour. Read the requirement. 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 Direct materials cost variance = Direct labor cost variance Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts S remaining Clear All Check Answer 2 ? W P 26 na
