Scule Up E23-19 (similar to) Question Help 0 All-Star Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018, using 145,000 square feet of extruded vinyl purchased at $1.15 per square foot. Production required 450 direct labor hours that cost $13.50 per hour. The direct materials standard was seven square feet of vinyl per fender, at a standard cost of $1.20 per square foot. The labor standard was 0.025 direct labor hour per fender, at a standard cost of $12.50 per hour. Read the requirement Begin with the cost variances. Select the required formulas, compute the cost 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 cost variance Direct labor cost variance Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts Clear All Check Answer remaining aliu lunily WUWULU cual quantity: FOH = fixed overhead; SC = standard cost; SQ = standard quantity.) Formula Variance ct materials cost variance ct labor cost variance (AC - SC)XAQ (AC-SC) SQ (AQ - SQ)X AC (AQ - SQ)X SC Actual FOH - Allocated FOH Actual FOH - Budgeted FOH Bugeted FOH - Allocated FOH ose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear Al Check Answe ? on W W PT 10