Superior fender which uses a standard cost system manufactured 20,000 boat fenders during 2018 using 145,000 ft. of extruded final purchased at $1.35 per square foot. Production required 420 direct labor hours that cost $14.50 per hour. The direct materials standard was 7 ft. of vinyl per fender and a standard cost of $1.40 per square foot. The labor standard was 0.026 direct labor hours per vendor at a standard cost $13.50 per hour hour.

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 or unfavorable.

Score: 0 of 20 pts E23-19 (similar to) Superior Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2018, using 145,000 1 fender, at a standard cost of $1.40 per square foot. The labor standard was 0.026 direct labor hour per fender, at a sta Read the requirement Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct la quantity.) Variance Direct materials cost variance Direct labor cost variance Formula (AC-SC) * AQ (AQ - SQ) > SC Requirement Compute the cost and efficiency variances for direct materials and direct labor. Does the pattern of variances suggest Superior Fender's managers have been making trade-offs? Explain. Print Done