PLEASE I WILL GIVE THUMBS UP

ounting system, manulactured 200,000 boat fenders during the year, using 1,250,000 feet of extruded vinyl purchased at $1.50 p ider at a standard cost of $1.65 per foot. The labor standard was 0.025 direct labor hour per fender at a standard cost of $12.00 p Atity variances for direct materials. Compute the rate and efficlency variances for direct labor. (Entor the variances as positive ni e (F) or unfavorable (U). Abbreviations used: DM = Direct materials, DL = Direct labor.) First, determine the formula for the direct materials price variance, then compute the price variance for direct materials. (Assum Requirements 1. Compute the price and quantity varlances for direct materials. Compute the rate and efficiency variances for direct labor. 2. Does the pattern of variances suggest that the company's managers have been making trade-offs? Explain. ounting system, manulactured 200,000 boat fenders during the year, using 1,250,000 feet of extruded vinyl purchased at $1.50 p ider at a standard cost of $1.65 per foot. The labor standard was 0.025 direct labor hour per fender at a standard cost of $12.00 p Atity variances for direct materials. Compute the rate and efficlency variances for direct labor. (Entor the variances as positive ni e (F) or unfavorable (U). Abbreviations used: DM = Direct materials, DL = Direct labor.) First, determine the formula for the direct materials price variance, then compute the price variance for direct materials. (Assum Requirements 1. Compute the price and quantity varlances for direct materials. Compute the rate and efficiency variances for direct labor. 2. Does the pattern of variances suggest that the company's managers have been making trade-offs? Explain