Question Help Matthews Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018, using 143,000 square feet of extruded vinyl purchased at $1.30 per 400 direct labor hours that cost $16.00 per hour. The direct materials standard was seven square feet of vinyl per fender, at a standard cost of $1 35 per square foot. The labor standard was 0.028 direct hour per fender, at a standard cost of $15.00 per hour square foot Production requir Read the requirement Direct materials cost variance - (AC , SC) x AQ (AC-SC) x AQ $ 7.150 S400 U Direct labor cost variance Select the required formulas, compute the efficiency variances for direct materials and direct labor, and identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used AC actual cost, AQ-actual quantity, FOH-fixed overhead, sc-standard cost, SQ # standard quantity ) Formula Variance Direct materials efficiency variance Direct labor efficiency variance Does the pattern of variances suggest Matthews Fender's managers have been making trade-offs? Explain The effect on the total direct materials variance is (AQ -SQ) x SC S 4.050U $ 2 400 F direct materials cost variance combined with the direct materials efficiency variance suggests that managers may have used direct materials. The net Click to select vour answerls) and then click Check Answer ulaciufed 20,00 o 00 per hour The direct materials standa ul lender, at a standard cost of $15.00 per hour Read the requirement Direct materials cost variance Direct labor cost variance Select the required formulas, compute the efficiency variances for direct (AC -SC) x AQ (AC-SC) x AQ actual cost, AQ - actual quantity, FOH - fixed overhead, SC standard cost sa Formula (AQ - SQ) x SC (AQ -SQ) x SC Direct materials efficiency variance - Direct labor efficiency variance Does the pattern of variances suggest Mathews Fender's managers have been makin The effec V direct materials cost variance combined with the I direc aterials variance is favorable Click er(s) and then click Check Answer. unfavorable parts remaining o search e 24 FS F4 F6 ble (F) or unfavorable (U). (Abbreviations used: AC nagers may have used direct materials The net higher-quality 2 lower-quality Check Answer 628 PM 12/14/2018