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2nd picture is of the options I have to fill in for the formula. Please help!! Julia Draperies manufactures curtains. To complete a curtain, Julia
2nd picture is of the options I have to fill in for the formula. Please help!!
Julia Draperies manufactures curtains. To complete a curtain, Julia requires the following inputs (Click the icon to view the imputs.) During the second quarter, Julia Draperies made 1,000 curtains and used 5,200 square yards of fabric costing $25,480. Direct manufacturing labor totaled 2,700 hours for $27,270. Read the requirements Requirement a. Compute the direct materials price and efficiency variances for the quarter First, determine the formula and enter the amounts to calculate direct materials actual price of input. (Enter the direct materials actual price of input to two decimal places, $X.XX.) Actual total direct materials cost Actual quantity of input 5,200 - Direct materials actual price of input s 4.90 per square yard 25,480 Now determine the formula and enter the amounts to calculate the direct materials price variance. Label each variance as favorable (F) or unfavorable (U). (Enter unit costs to two decimal places, SX.XX. Abbreviations used: AOactual output, BQbudgeted quantity, DM-direct materials.) Price variance Data Table Direct materials standard: 6 square yards at $5.40 per yard 3 hours at $10.60 per hour Direct manufacturing labor standard: Print DoneStep by Step Solution
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