Essay
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
Correct Answer:
Verified
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