Pro fender which uses a standard cost system manufactured 20,000 boat fenders during 2020 for using 145,000 ft. of extruded vinyl purchase at $1.05 per square foot. production required 410 direct labor hours that cost $15.50 per hour. The direct materials standard with 7 ft. of vinyl per fender at a standard cost of $1.10 per square foot. The labor standard was 0.026 direct labor hour per fender at a standard cost of $14.50 per hour.

Select the required formulas computer efficiency variances for direct materials and direct labor and identify whether each variance is favorable or unfavorable

Untavorable (U). (Abbreviations used. AC = actual cost, AQ = actual quantity, FOH = fixed overhead; SC = standard Formula Variance Direct materials efficiency variance Direct labor efficiency variance 11 11 = =