Score: 0 of 1 pt 5 of 6 (3 complete) HW Score: 31.75%, 1.9 of 6 E11-23A (similar to) Question Help Deluxe Guard, which used a standard cost accounting system, manufactured 240.000 boat fenders during the year, using 1,970,000 feet of extruded vinyl purchased $1.10 per foot. Production required 4,800 direct labor hours that cost $17.00 per hour. The materials standard was 8 feet of vinyl per fender at a standard cost of $1.1 per foot. The labor standard was 0.028 direct labor hour per fender at a standard cost of $16.00 per hour. Read the requirements. Requirements rate and efficiency variances for direct labor. (Enter the variances as fest whole dollar. Label the variances as favorable (F) or unfavorable (U). rials price variance, then compute the price variance for direct materials. 1. Compute the price and quantity variances for direct materials. Compute the rate and efficiency variances for direct labor. Does the pattern of variances suggest that the company's managers have been making trade-offs? Explain. 2. DM price variance Print Done ver