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Deluxe Fender, which uses a standard cost system, manufactured 20.000 boat fenders during 2024, using...

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Accounting

Deluxe Fender, which uses a standard cost system, manufactured 20.000 boat fenders during 2024, using 142.000 square feet of extruded vinyl purchased at $1.40 per square foot. Production required 440 direct labor hours that cost $15.00 per hour. The direct materials standard was seven square feet of vinyl per fender, at a standard cost of $1.45 per square foot. The labor standard was 0.026 direct labor hour per fender, at a standard cost of $14.00 per hour.
Compute the cost and etticiency variances for direct materials and direct labor.
Does the pattern of variances suggest Deluxe Fender's managers have been making trade-offs? Explain
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