Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company manufactures shirts. During June, Longman made 1,400 shirts and gathered the following additional data: Direct materials cost standard $10.00 per yard of fabric Direct

Company manufactures shirts. During June, Longman made 1,400 shirts and gathered the following additional data:

Direct materials cost standard

$10.00 per yard of fabric

Direct materials efficiency standard

1.30 yards per shirt

Actual amount of fabric purchased and used

1,710 yards

Actual cost of fabric purchased and used

$17,442

Direct labor cost standard

$16.00 per DLHr

Direct labor efficiency standard

6.00 DLHr per shirt

Actual amount of direct labor hours

8,530 DLHr

Actual cost of direct labor

$134,774

Calculate the following variances:

7.

Direct materials cost variance

10.

Direct labor cost variance

8.

Direct materials efficiency variance

11.

Direct labor efficiency variance

9.

Total direct materials variance

12.

Total direct labor variance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions