Quality guard which is a standard cost accounting system manufactured 240000 boat fenders during the year. Using 1,490,000 extended vinyl purchased at $1.45 per foot production requires 4300 direct labor hours that cost $15 per hour the materials standard is 6 feet of vinyl per fender cost of $1.55 per foot. The labor standard was .027 direct labor hour per fender at a standard cost of 13.50 per hour

Optional words in drop down for choices favorable or unfavorable

The third box in the first has higher quality vs lower quality

The third selection box in the second question has higher paid vs lower paid

Begin with the variances for direct materials. First, determine the formula for the direct materials price variance, then compute the price variance fo x ( DM price variance Determine the formula for the direct materials quantity variance, then compute the quantity variance for direct materials ) DM quantity variance Next, compute the varilances for direct labor. First, determine the formula for the rate variance, then compute the rate variance for direct labor x ( x ( DL rate variance Determine the formula for direct labor the efficiency variance, then compute the efficiency variance for direct labor x ( ) DL efficiency variance x ( Requirement 2. Does tha nattorn of varianes st t