3. Madzinga's Draperies performed a variance analysis at the beginning of year 2020. A curtain required the following:

Direct materials standard1 square yards at $1.5 per square yard

Direct manufacturing labor standard0.5 hours at $16 per hour

During 2019, the company made 425,000 curtains and used 510,000 square yards of fabric costing $714,000.

Required [6 points]:

a.Compute the direct materials cost variance for 2019.

b.Compute the direct materials efficiency variance for the quarter.