11-2

Dynatech Tees is a manufacturer of T-shirts. The standard amount of 100% cotton jersey fabric used to make each T-shirt is 2.70 yards. The standard price per yard of the fabric is $2.76. During last month, Dynatech purchased 6,100 yards of the jersey fabric for $13,420. The production department used 5,100 yards to produce 1,900 T-shirts during the month.

Compute the material price and quantity variances.(Round answers to 0 decimal places, e.g. 125. Enter all variances as a positive number.)

Material Price Variance$

Favorable

Neither Unfavorable nor Favorable

Unfavorable

Material Quantity Variance$

Unfavorable

Favorable

Neither Unfavorable nor Favorable