10. Nancy's Draperies manufactures curtains. A certain window curtain requires the following: Direct materials standard 10 square yards at $5 per yard Direct manufacturing labor standard 5 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. Answer: a. Direct materials variances: Actual unit cost Price variance Efficiency variance b. Direct manufacturing labor variances: Actual labor rate Price variance Efficiency variance