standard cost of 41150 per hour Read the teguicertedt. Grand Fender, which uses a standi beurs that eost 51240 per hour. Th standard cost of $1150 per hour. Road the actritemeen Requirement Compuhe the cost and eflclency variances for drect materiab and deoct laber Does the pattern of variances soggest Grand Fenders manageis have best muking trade otls? Explain Direct labor cost vatiance Select the required formulas, compt actalil quantey, FOH= foced evoris Diect matarials efficiency variar Direct isbor efticiency variance orable (F) or unfarorable (U) (Abbceviabions used AO - actual cost AQ= Dost the partern of variasces stromas Gratkd Fehder s managers huve been maing trado ofls? Exglain The isineth materies coet varkancer combihed with the deect materlble elliciency variance suggests that managers may have used divect materals. The ret elfect on the total drect materials variance is The direct labor cott variance combined with the direct labor ifliciency variance suggests that managert muy have wned workers whe porformed more efficlerdy. The net efied on the lotal direct boor varlance is inyl purchased at 51 45 per square foot. Production regured 470 direct labor are toot. The laber standard was 0.026 droct labor hecir per fender, at a