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Matthews Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018, using 1 direct materials standard was seven square feet of vinyl per fender, at a standard cost of $1 35 per square foot Read the requirement Begin with the cost variances Select the required formulas, compute the cost variances for direct materials and = fixed overhead: SC = standard cost, SQ = standard quantity) 11 11 = 11 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 standard cost; SQ = standard quantity) Formula Variance Direct materials efficiency variance Direct labor efficiency variance Does the pattern of vanances suggest Matthews Fender's managers have been making trade-offs? Explain. The direct materials cost variance combined with the direct materials efficiency varia The direct labor cost variance combined with the direct labor efficiency varia ariance sugg vanance IS Choose from any list or enter any number in the input fields and then continue to the next question. red 20.000 boat fenders during 2018, using 143,000 square feet of extruded vinyl purchased at $130 per square fe er, at a standard cost of $1.35 per square foot. The labor standard was 0.028 direct labor hour per fender, at a stand pute the cost variances for direct materials and direct labor, and identify whether each variance is favorable (F) or un la Variance 11 11 for direct materials and direct labor, and identify whether each variance is favorable (F) or unfavorable (U) (Abbreviation Formula Variance anagers have been making trade-offs? Explain direct ma vith the direct materials efficiency variance suggests that managers may have used Question Viewer direct labor efficiency variance suggests that managers may have useu worke the 00 square teet of extruded vinyl purchased at $1 30 per square foot. Production required 400 direct labor hours that cost $16.00 per hour. The labor standard was 0.028 direct labor hour per fender at a standard cost of $15.00 per hour rect labor, and identify whether each variance is favorable (F) or unfavorable (U) (Abbreviations used. AC - actual cost, AQ actual quantity, FOH whether each variance is favorable (F) or unfavorable (U). (Abbreviations used AC = actual cost, AQ = actual quantity: FOH = fixed overhead SC = V direct materials The net effect on the total direct materials variance is mariance suggests that managers may have used Question Viewer suggests that managers may have used workers who performed more efficiently. The net effect on the total direct labor Matthews Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018, using 1 direct materials standard was seven square feet of vinyl per fender, at a standard cost of $1 35 per square foot Read the requirement Begin with the cost variances Select the required formulas, compute the cost variances for direct materials and = fixed overhead: SC = standard cost, SQ = standard quantity) 11 11 = 11 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 standard cost; SQ = standard quantity) Formula Variance Direct materials efficiency variance Direct labor efficiency variance Does the pattern of vanances suggest Matthews Fender's managers have been making trade-offs? Explain. The direct materials cost variance combined with the direct materials efficiency varia The direct labor cost variance combined with the direct labor efficiency varia ariance sugg vanance IS Choose from any list or enter any number in the input fields and then continue to the next question. red 20.000 boat fenders during 2018, using 143,000 square feet of extruded vinyl purchased at $130 per square fe er, at a standard cost of $1.35 per square foot. The labor standard was 0.028 direct labor hour per fender, at a stand pute the cost variances for direct materials and direct labor, and identify whether each variance is favorable (F) or un la Variance 11 11 for direct materials and direct labor, and identify whether each variance is favorable (F) or unfavorable (U) (Abbreviation Formula Variance anagers have been making trade-offs? Explain direct ma vith the direct materials efficiency variance suggests that managers may have used Question Viewer direct labor efficiency variance suggests that managers may have useu worke the 00 square teet of extruded vinyl purchased at $1 30 per square foot. Production required 400 direct labor hours that cost $16.00 per hour. The labor standard was 0.028 direct labor hour per fender at a standard cost of $15.00 per hour rect labor, and identify whether each variance is favorable (F) or unfavorable (U) (Abbreviations used. AC - actual cost, AQ actual quantity, FOH whether each variance is favorable (F) or unfavorable (U). (Abbreviations used AC = actual cost, AQ = actual quantity: FOH = fixed overhead SC = V direct materials The net effect on the total direct materials variance is mariance suggests that managers may have used Question Viewer suggests that managers may have used workers who performed more efficiently. The net effect on the total direct labor