Question 14 7 8 pts 51 0 Detail Hobbes, Inc. is a manufacturer of designer bowls. The standard direct labor time is 0.6 hours per bowl at a cost of $16.00 per hour. The actual result for one month's production of 6,600 bowls was 0.4 hours per bowl, at a cost of $8.00 per hour. Calculate the direct materials cost variance and the direct materials efficiency variance. (AC ? SC) ? AQ = Direct Materials Cost Variance Favorable or Unfavorable V (AQ ? SQ) ? SC = Direct Materials Efficiency Variance Favorable or Unfavorable Question 14 7 8 pts 51 0 Detail Hobbes, Inc. is a manufacturer of designer bowls. The standard direct labor time is 0.6 hours per bowl at a cost of $16.00 per hour. The actual result for one month's production of 6,600 bowls was 0.4 hours per bowl, at a cost of $8.00 per hour. Calculate the direct materials cost variance and the direct materials efficiency variance. (AC ? SC) ? AQ = Direct Materials Cost Variance Favorable or Unfavorable V (AQ ? SQ) ? SC = Direct Materials Efficiency Variance Favorable or Unfavorable