pleaze answer variances and formulas

10) Superior Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018, using 141,000 square feet of per hour. The direct materials standard was seven square feet of vinyl per fender, at a standard cost of $1.10 per square foot. The la Read the requirement Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct labor, and idem actual quantity, FOH = fixed overhead; SC = standard cost; SQ = standard quantity.) Variance Formula (AC-SC) * AQ Direct materials cost variance Direct labor cost variance (AC-SC) AQ (AC-SC)* SQ (AQ - SQ) * AC (AQ - SQ) SC Actual FOH - Allocated FOH Actual FOH - Budgeted FOH Bugeted FOH - Allocated FOH Choose from any list or enter any number in the input fields and then click Check Answer Superior Fender, which uses a standard cost system, manufactured 20.000 boat lenders during 2018, using 541,000 square foot of extruded vinyl purchased M 3105 per square foot Production required dred labor hours per hout. The direct materials standard was seven square foot of vinyl per tender, at a standard cost of 31.10 per square foot The labor landard was 0.004 direct for hour perfender, at a standard cost of $13.50 per hour Read the requirement Bon we the cost variances Select the required formulas, compute the cost variere for direct materials and direct labor, and identity whether each variance is tocratic or unfavorable (u) (Astridters uset, Accout = acha quantity: FOH food overhoad, SC Vandard cost sandard quantity) Formula Variance Direct materials cost variance (AC-SCAD Direct labor coat variante (ACC) (AC-SC) SQ (AQ. SAC (AD-80SC Actual TOH Allocated FOH Actus FOH Budgeed FOH Bugeted FOH Alle FOH 3 of 7 (2 complete) oat fenders during 2018, using 141,000 square feet of extruded vinyl purchased at $1.05 pe nder, at a standard cost of $1.10 per square foot. The labor standard was 0.024 direct labor Et variances for direct materials and direct labor, and identify whether each variance is favoral uantity.) Variance Requirement Compute the cost and efficiency variances for direct materials and direct labor. Does the pattern of variances suggest Superior Fender's managers have been making trade-offs? Explain. Print Done click Check Answer. Clear All