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Cato Tees is a manufacturer of T-shirts. The standard amount of 100% cotton jersey fabric used to make each T-Shirt is 2.00 yards. The standard
Cato Tees is a manufacturer of T-shirts. The standard amount of 100% cotton jersey fabric used to make each T-Shirt is 2.00 yards. The standard price per yard of the fabric is $2.66. During last month, Cato purchased 5,600 yards of the jersey fabric for $14,000. The production department used 5,000 yards to produce 1,700 T-shirts during the month. Compute the material price and quantity variances. (Round answers to O decimal places, e.g. 125. Enter all variances as a positive number.) Material Price Variance Material Quantity Variance
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