Please help! i asked this question earlier & got wrong answers and wrong formulas. i included a pic of what the formulas are supposed to look like! also there are three parts to this question but only one is shown... please help with all 3 parts
Homework: Topic 4 Homework (Chapter 23) Save Score: 0 of 10 pts 20, 4 (4 complete) Hw Score: 29.52%, 17.71 of 60 pts E23-19 (similar to) Question Help * 0) Quality Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2016, using 144,000 square feet of extruded vinyl purchased at $1.20 per square foot. Production required 430 direct labor hours that cost $13.00 per hour. The direct materials standard was seven square feet of vinyl per fender, at a standard cost of $1.25 per square foot. The labor standard was 0.027 direct labor hour per fender, at a standard cost of $12.00 per hour. t Compute the cost and eflicency variances for direct materials and direct labor, Dioes the patern of variances suggest Quality Fenders managers have been making trade-offs? Explain. 2Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct labor, and identily whether each variance is Dire favorable (F) or unfavorable (U) (Abbreviations used: AC- actual cost AQ-actual quantity, FOH-fixed overhead; SC standard cost: sa standard quantity.) Formula Variance Direct materials cost variance Direct labor cost variance 23- P2: Choose from any list or enter any number in the input fields and then click Check Answer. remaining Clear All Check Answer -19 (similar to) nder, which uses a standard cost system, manufactured 20,000 boat fenders during 2016, using 14 foot. Production required 430 direct labor hours that cost $13.00 per hour. The direct materials sta ost of $1.25 per square foot. The labor standard was 0.027 direct labor hour per fender, at a standa he cost and efficiency variances for direct materials and direct labor. Does the pattern of variances Explain. the cost variances. Select the required formulas, compute the cost variances for direct materials an (F) or unfavorable (U). (Abbreviations used: AC actual cost; AQ- actual quantity, FOH fixed ove Formula Variance terials cost variance r cost variance (AC-SC) x AQ (AC SC) x SQ (AQ -SQ) x AC (AQ-SQ) x Sc Actual FOH-Allocated FOH Actual FOH- Budgeted FOH Bugeted FOH - Allocated FOH om any list or enter any number in the input fields and then click Check Answer. ing Clear All