Remaining Time: 21 minutes, 27 seconds. Question Completion Status: QUESTION 4 Golden Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. During the first quarter, Golden produced 5000 units of this product. At the end of the quarter, the direct materials cost variance was $3000 F Which of the following is a logical explanation for this variance? The company paid a lower cost for the direct materials than allowed by the standards The company paid a higher cost per hour for labor than allowed by the standards. The company used more labor hours than allowed by the standards. The company used a greater quantity of direct materials than allowed by the standards. QUESTIONS Which of the following is a reason companies use standard costs? O to share best practices with other companies to ensure the accuracy of the financial records Click Save All Anner to see allows