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E23-19 (similar to) Question Help All-Star Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018, using 141,000 square feet of extruded vinyl purchased at $1.45 per square foot. Production required 410 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 $150 per square foot. The labor standard was 0.027 direct labor hour per fender, at a standard cost of $15 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. 3 parts Clear All Check Answer remaining ULY 2 Using HUU purchased at $1.45 per square foot Production required 410 direct labor hours that cost $16.50 per ard was seven square feet of vinyl per fender, at a standard cost of $1.50 per square foot. The labo or hour per fender, at a standard cost of $15.50 per hour. reme i Requirement TE cost aread ad S 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. als ca cost Print Done any list or enter any number in the input fields and then click Check Answer. Clear All Check Answe 9 Tarald RE diwara