Homework: Chapter 11 Homework Question 4, E11-26A (similar to) Part 2 of 3 HW Score: 46.38%, 2.78 of 6 points Points: 0 of 1 Save Bargain Guard, which uses a standard cost accounting system, manufactured 200,000 boat fenders during the year, using 1,450,000 feet of extruded vinyl purchased at $1.05 per foot Production required 4,800 direct labor hours that cost $13.50 per hour. The materials standard was 7 feet of vinyl per fender at a standard cost of $1.15 per foot. The labor standard was 0.025 direct labor hour per fender, at a standard cost of $13.00 per hour. (Click the icon to view related variances.) Read the requirements. Variances Requirement 1. Make the journal entries to record the pur variances by preparing a single compound entry. Abbrevia Begin with the entry to record the purchase of materials. Direct materials price variance Direct materials quantity variance Direct labor rate variance Direct labor efficiency variance $145,000 F are not required. Record both direct labor i $57,500 U $2,400 U $2,600 F Clear all Check answer Help me solve this Video Get more