Question Help Hull Guard, which used a standard cost accounting system manufactured 220.000 tot fenders during the year, using 1.420.000 feet of extruded vinyl purchased at $150 per foot Production required 4.600 direct labor hours that cost $1450 per hourThe materials standard was 6 Teet of my per fender at a standard cost of $1.55 per foot. The labor standard was 0.005 direct labor our per render a standard cost of $13.50 per hour Read the requirements Requirement 1. Compute the price and quantity variances for direct materials. Compute the rate and efficiency variances for direct labor (Assume that the quantity of materials purchased is quantity of materials used Enter the variance as a positive number Round your answers to the nearest whole dollar Label the variances as favorable For unfavorable The direct materials price variance is $ 71.000 F The direct materials quantity variance is 5 W The direct labor rate variance is 5 The direct labor eficiency variance is $ Requirement 2. Does the pattern of variances suggest that me company's managers have been making trade ots? Explain The red materials price vanance combined with the direct materials quantly variance suppets that managers may have used materials. The net effect is The The net etects directorate varance combined with the direct labore ciency variance suggests that managers may have used workers who perfomed more on