Superior Fender, which uses a standard cost system, manutactured 20,000 boat fenders durng 2024 , using 142.000 square foet of entruded viryl purchased at $1.40 per tquare foot. Producticn reoured 450 direct labor hours that cost $14.50 per hour. The direct maserials standard was seven squase feet of vinyl per fender, at a standard cost of $1.45 per square foot. The labor standard was 0.025 drect labor hour per fender, at a standard cost of $13.50 per hour. Read the teguinenent. Begin with the cost variances. Select the requred formulss, compute the cost varances for divect maberials and dieect labor, and ident fy whether each varianco is tarorable (F) or uniavorable (U) (Abberviations used: AC = actual cost AO = actual quantiny, FOH = fixed overhoad, SC = standard cost SO= standard quantiy) hoor hour oer tender, at a blandith cest or 313.50 per thet. Requirement Does the pathem of varlances r.ygent Superioe Fendere mararen have been making vade-bmv? Explan. Superior Fender, which uses a standard cost system, manutactured 20,000 boat fenders durng 2024 , using 142.000 square foet of entruded viryl purchased at $1.40 per tquare foot. Producticn reoured 450 direct labor hours that cost $14.50 per hour. The direct maserials standard was seven squase feet of vinyl per fender, at a standard cost of $1.45 per square foot. The labor standard was 0.025 drect labor hour per fender, at a standard cost of $13.50 per hour. Read the teguinenent. Begin with the cost variances. Select the requred formulss, compute the cost varances for divect maberials and dieect labor, and ident fy whether each varianco is tarorable (F) or uniavorable (U) (Abberviations used: AC = actual cost AO = actual quantiny, FOH = fixed overhoad, SC = standard cost SO= standard quantiy) hoor hour oer tender, at a blandith cest or 313.50 per thet. Requirement Does the pathem of varlances r.ygent Superioe Fendere mararen have been making vade-bmv? Explan