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Posted: November 18th, 2022
Madzinga’s Draperies manufactured curtains. A certain window requires the following
Madzinga's Draperies manufactured curtains. A certain window requires the following:Direct materials standard - 10 square yards at $5 per yardDirect manufacturing labor standard - 5 hours at $10 per hourDuring 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 material price and efficiency variances for the quarter.B. Compute the direct manufacturing labor price and efficiency variances for the quarter.
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