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ign Score: 1.5 of 15 pts 11 of 13 (11 complete) V Score: 51.5%, 51.5 of 1 E23-19 (similar to) Question Help Pro Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018, using 141,000 square feet of extruded vinyl purchased at $1.10 per square foot. Production required 450 direct labor hours that cost $15.00 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 0.025 direct labor hour per fender, at a standard cost of $14.00 per hour rect: 0 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.) I/ariance 7 Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts Clear Al Check Answer Read the requirement. Formula (AC SC) x AQ (AC - SC) x AQ Variance -S 7,100 F 430 U 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 (F) or unfavorable (U). (Abbreviations used: AC actual cost; AQ actual quantity, FOH fixed overhead; Sc standard cost, SQ- rect: 0 standard quantity.) Variance Formula (AQ- SQ) x SC (AQ -SQ) x SC $ 3,100 U Direct materials efficiency variance = $ 1,260 F Direct labor efficiency variance This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers. Similar Question All parts showing Does the pattern of variances suggest All - Star Fender's managers have been making trade-offs? Explain The favorable direct materials cost variance combined with the unfavorable direct materials efficiency variance suggests that managers may have used lower-quality direct materials. The net effect on the total direct materials variance is favorable The unfavorable direct labor cost variance combined with the favorable direct labor efficiency variance suggests that managers may have used more skilled (higher-paid) workers who performed more efficiently. The net ffect on the total direct labor variance is This question is complete. Move your cursor over or tap on the red arrows to All parts showing favorable 0 see incorrect answers. Similar Question Et N rch