Nancy's Draperies manufactures curtains. A certain window curtain requires the following:
Direct materials standard10 square yards at $5 per yard
Direct manufacturing labor standard5 hours at $10
During the second quarter, the company made 1,500 curtains and used 14,000 square yards of fabric costing $72,000. Direct labor totaled 7,600 hours for $83,600.
Required:
a.Compute the direct materials price and efficiency variances for the quarter.
b.Compute the direct manufacturing labor price and efficiency variances for the quarter.
Correct Answer:
Verified
Q132: Give at least three good reasons why
Q133: Fine Lumber Inc. mills and finishes furniture
Q134: Midend's Camera Shop has prepared the following
Q135: Give at least three good reasons why
Q136: Which of the following could be a
Q138: Littrell Company produces chairs and has determined
Q139: With a direct materials price variance of
Q140: The price variance is the difference between
Q141: If variance analysis is used for performance
Q142: Continuous improvement through the use of standard
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents