Wilson's Winter Woolens manufactures jackets and other wool clothing. A certain designed ski parka requires the following:
During the third quarter, the company made 1,500 parkas and used 3,150 square yards of fabric costing $39,375. Direct labor totaled 2,100 hours for $45,150.
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.

Question

Wilson's Winter Woolens manufactures jackets and other wool clothing. A certain designed ski parka requires the following:
  During the third quarter, the company made 1,500 parkas and used 3,150 square yards of fabric costing $39,375. Direct labor totaled 2,100 hours for $45,150.
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.

Quizplus · Accepted Answer

The Answer of Wilson's Winter Woolens manufactures jackets and other wool clothing. A certain designed ski parka requires the following:
  During the third quarter, the company made 1,500 parkas and used 3,150 square yards of fabric costing $39,375. Direct labor totaled 2,100 hours for $45,150.
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.

Wilson's Winter Woolens Manufactures Jackets and Other Wool Clothing