Madzinga's Draperies manufactures curtains.A certain window requires the following:
Direct materials standard $\quad 10$ square yards at $\$ 5$ per yard
Direct manufacturing labor standard $\quad 5$ hours at $\$ 10$ During the second quarter,the company made 1,500 curtains and used 14,000 square yards of fabric costing $68,600.Direct labor totaled 7,600 hours for $79,800.
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

Madzinga's Draperies manufactures curtains.A certain window requires the following:
 Direct materials standard $\quad 10$ square yards at $\$ 5$ per yard
Direct manufacturing labor standard $\quad 5$ hours at $\$ 10$ During the second quarter,the company made 1,500 curtains and used 14,000 square yards of fabric costing $68,600.Direct labor totaled 7,600 hours for $79,800.
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 Madzinga's Draperies manufactures curtains.A certain window requires the following:
 Direct materials standard $\quad 10$ square yards at $\$ 5$ per yard
Direct manufacturing labor standard $\quad 5$ hours at $\$ 10$ During the second quarter,the company made 1,500 curtains and used 14,000 square yards of fabric costing $68,600.Direct labor totaled 7,600 hours for $79,800.
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.

Madzinga's Draperies Manufactures Curtains 10\quad 1010 Square Yards At $5\$ 5$5 Per Yard Direct Manufacturing Labor Standard

Madzinga's Draperies Manufactures Curtains $\quad 10$ Square Yards At $\$ 5$ Per Yard
Direct Manufacturing Labor Standard