Quality Guad, which uses a standard cost accounting system, manufactured 210.000 boat fenders during the year, using 1.780,000 of traded vinyl purchased at 51 15 permetre Production required 70 hours that cost $13.50 per hour. The materials standard was om of vinyl per fender a standard cost of $120 permetre. The labour standard was 0 24 deed labour hour per tende a standard cost $12.00 per hour Complete price and eldency variances for direct materials and direct labour Does the pattern of variances suggest y Guards managers have been making trades? Explain Begin by determining the formula for the price variance, the compute the price variances for decal (OM) and direct about the results as posenbers Labelach varices ever unfavourable (0) Quality Guad, which uses a standard cost accounting system, manufactured 210.000 boat fenders during the year, using 1.780,000 of traded vinyl purchased at 51 15 permetre Production required 70 hours that cost $13.50 per hour. The materials standard was om of vinyl per fender a standard cost of $120 permetre. The labour standard was 0 24 deed labour hour per tende a standard cost $12.00 per hour Complete price and eldency variances for direct materials and direct labour Does the pattern of variances suggest y Guards managers have been making trades? Explain Begin by determining the formula for the price variance, the compute the price variances for decal (OM) and direct about the results as posenbers Labelach varices ever unfavourable (0)