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Aaha Inc. produces premium protective automotive covers. The direct materials and direct labour standards for one car cover are as follows: Direct materials Direct labour
Aaha Inc. produces premium protective automotive covers. The direct materials and direct labour standards for one car cover are as follows: Direct materials Direct labour Standard Quantity or Hours 7.00 getres of cloth 0.30 hours In September, the following activity was recorded Standard Price or Rate $8 per metre $ 16 per hour Standard Cost $56.00 54.80 17,500 metres of cloth were purchased at a cost of $7.50 per metre. All of the purchased material was used to produce 2,500 car covers. 520 direct labour-hours were recorded at a total labour cost of $8,320 Required: 1. Compute all direct materials variances for September (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Direct materials price variance i Direct matenals quantity variance Total direct material cost variance
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