Grand Fender, which uses a standard cool system, manufactured 20,000 boat fenders during 2018, using 141,000 square feet of extruded vinyl purchased 51 35 per square foot. Production required 450 direct labor hours that cost 514.00 per hour. The direct materials standard was seven square foot of vinyl per fender, at a standard cost of 51 40 per square foot. The labor standard was 0.025 direct labor hour per tender, at a standard cost of $13.00 per hour Read the 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 untavorable (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 Select the required formulas, compute the efficiency variances for direct materials and direct labor, and identify whether each variance is favorable (P) or unfavorable (U) Abbreviations used AC = actual cost AQ - actual quantity, FOHfed overhead, SC - sandard cont SO standard quantity) Form Variance Direct material efficiency variance Direct labor eficiency variance Does the pattern of variances suggest Grand Fender's managers have been making trade-offs? Explain The direct The ne fect on the total direct direct materials cost variance combined with the dret materials cancy variance suggests that managers may have used Choose from west or enter any number in the inputs and then continue to the ques Grand Fender, which uses a standard cost system, manufactured 20,000 boat fonders during 2018, using 141,000 square feet of extruded in purchased at $1.35 per square foot Production required 450 direct labor hours that com $14.00 per hour The direct materials standard was seven square feet of vinyl per fender, at a standard cost of 51 40 per square foot. The labor standard was 0.025 direct labor hour perfonder, at a standard cost of $13.00 per hour Read the regulament Requirement Direct labor cost variance - X Select the required formulas, compute the efficiency variances for direct materials and direct labor, and identi cost. AQ actual quantity, FOHfeed overhead, SC standard cost, SQ standard quantity) Compute the cost and efficiency variances for direct materials and direct labor Formula Variance Does the pattern of variances suggest Grand Fender's managers have been making trade-offs? Explain Direct materials efficiency variance Direct labor efficiency variance Print Done Does the pattern of variances suggest Grand Fender's managers have been making trade-offs? Explain The direct materials cost variance combined with the direct materials efficiency varlance suggests that managers may have used direct materials. The net effect on the total direct materials variance is The direct labor cost variance combined with the direct labor officiency variance suggests that managers may have used workers who performed more efficiently. The net effect on the total direct labor variance is Choose from any it or enter any number in the input ids and then continue to the next Question 16:13 AM Read the suitement wwwwww Direct labor cost variance 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: FOHfed overhead, SC standard cost 50 = standard quantity) Formula Variance Direct materials officiency variance Direct labor efficiency variance Does the pottern of variances suggest Grand Fender's managers have been making trade offs? Explain The direct materials cost variance combined with the direct materials officiency variance suggests that managers may have used direct materials The net effect on the total direct materiais variance is favorable The direct labor cost variance combined with the efficiency variance suggests that managers may have used workers who performed more officiently The nat unfavorable effect on the total direct labor variances in in the non Grand Fender, which uses a standard cost system, manufactured 20.000 boat fenders during 2018, using 141,000 square feet of extruded vinyl purchased at 51 35 per square foot Production required 450 direct labor hours that cont $14.00 per hour. The dired materials standard was seven square feet of vinyl per fender, at a standard.com of $1.00 per square foot. The labor standard was 0.025 direct labor hour per fender, at a standard cost of $13.00 per hour Read the requirement Direct labor cost variance Select the required formulas, compute the efficiency variances for direct materials and direct laborand identify whether each variance is favorable (F) or unfavorable (U) (Abbreviations used. AC-actual cost, AQ actual quantity, FOH ved overhead, SC - standard cost s standard quantity) Formula Variance Direct materials eficiency variance Direct labor efficiency variance Does the pattern of variances suggest Grand Fender's managers have been making adeoffs? Explain The direct materials cost variance combined with the direct materiais eficiency ince suggests that managers may have used dired materials. The net effect on the total direct materiais variances higher quality The direct labor cost variance combined with the dired labor oficiency variance suggests that managers may have used kers who performed more eficiently. The net lower quality effect on the total direct labor variance is Choose from any or enter any number in the inputs and then continue to the next question Direct labor cost variance Select the required formulas, compute the efficiency variances for direct materials and direct labor, and identify whet quantity: FOH = fixed overhead: SC = standard cost, SQ = standard quantity.) Formula Variance Direct materials efficiency variance Direct labor efficiency variance Does the pattern of variances suggest Grand Fender's managers have been making trade-offs ? Explain. 11 11 11 direct materials efficiency variance The direct materials cost variance combined with the materials variance is e combined with the direct labor efficiency variance suggest The dir effect on the total dire favorable unfavorable Choose from any list or enter any number in the input fields and then continue to the next