saterials standard was 8 feet of vinyl per fender at a standard cost of $1.40 per foot. The labor standard was 0.024 direct labor hour per fender at a standard cost of $12.00 per hour. Read the requirements. answers to the nearest whole dollar. Label the variances as favorable (F) or unfavorable (U). Abbreviations used: DM=Direct materials, DL=Directlabor.) quantity of materials used.) ( ( Determine the formula for the direct materials quantity variance, then compute the quantity variance for direct materials. Next, compute the variances for direct labor. First, determine the formula for the rate variance, then compute the rate variance for direct labor. ( ( )=DL rate variance )= )= DL rate variance )= )= Requirement 2. Does the pattern of variances suggest that the company's managers have been making trade-offs? Explain. The direct materials price variance combined with the Requirements 1. Compute the price and quantity variances for direct materials. Compute the rate and efficiency variances for direct labor. 2. Does the pattern of variances suggest that the company's managers have been making trade-offs? Explain. Requirement 2. Does the pattern of variances suggest that the company's managers have been making trade-offs? Explain. The direct materials price variance combined with the direct materials quantity variance suggests that managers may have used materials. The net effect is The direct labor rate variance combined with the direct labor efficiency variance suggests that managers may have used workers who performed more efficiently. The net effect is saterials standard was 8 feet of vinyl per fender at a standard cost of $1.40 per foot. The labor standard was 0.024 direct labor hour per fender at a standard cost of $12.00 per hour. Read the requirements. answers to the nearest whole dollar. Label the variances as favorable (F) or unfavorable (U). Abbreviations used: DM=Direct materials, DL=Directlabor.) quantity of materials used.) ( ( Determine the formula for the direct materials quantity variance, then compute the quantity variance for direct materials. Next, compute the variances for direct labor. First, determine the formula for the rate variance, then compute the rate variance for direct labor. ( ( )=DL rate variance )= )= DL rate variance )= )= Requirement 2. Does the pattern of variances suggest that the company's managers have been making trade-offs? Explain. The direct materials price variance combined with the Requirements 1. Compute the price and quantity variances for direct materials. Compute the rate and efficiency variances for direct labor. 2. Does the pattern of variances suggest that the company's managers have been making trade-offs? Explain. Requirement 2. Does the pattern of variances suggest that the company's managers have been making trade-offs? Explain. The direct materials price variance combined with the direct materials quantity variance suggests that managers may have used materials. The net effect is The direct labor rate variance combined with the direct labor efficiency variance suggests that managers may have used workers who performed more efficiently. The net effect is