Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ency variances for the quarter. te direct mater $x. 0 Requirements the direct me ts to a. b. Compute the direct materials price and efficiency

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
ency variances for the quarter. te direct mater $x. 0 Requirements the direct me ts to a. b. Compute the direct materials price and efficiency variances for the quarter. Compute the direct manufacturing labor price and efficiency variances for the quarter. .) x ) ate the direct Print Done unit Efficiency (Usage) variance ) quires the following inputs: used 5,200 square yards of fabric costing $24.440. Direct manufacturing labor totaled 4.400 hours for $43,120. ariances for the quarter. ct mater $X.XX.) 0 Data Table Birect ma ts to two d Direct materials standard: 5 square yards at $5.20 per yard 4 hours at $9.90 per hour ) x Direct manufacturing labor standard: ) Print Done direct unit costst Efficiency (Usage) variance Joy Draperies manufactures curtains. To complete a curtain, Joy requires the following inputs: Click the icon to view the imputs) During the second quarter, Joy Draperien made 1,200 curtains and uned 6.200 square yards of fabric conting $24.440. Direct manufacturing labor totale 4.400 ron 43,120 Read the requirements Requirement a. Compute the direct materiais price and efficiency variances for the quarter First, determine the formula and enter the amounts to caloutate direct materials actual price of input (Enter the direct material cu price of input to two decimo - Direct material actual price of inch per square yard Now determine the formula and enter the amounts to calculate the direct materials price variance. Label each variance as favorable (F) or untevorable (U). Toto two deca plom. BQ - budgeted quantity, DM direct materiais) Price variance ) Finally, determine the formula and enter the amounts to calculate the direct materials efficiency variance. Label each variance as favorable (for unfavorable ( Uradni output, B = budgeted quantity, DM direct materials Efficiency (Usage) variance Requirement b. Compute the direct manufacturing labor price and efficiency variances for the quarter. istian Joy Draperes manufactures curtains. To completo a curtain, Joy requires the following input Click the icon to view the inputs) During the second quartos, Joy Draperlo made 1.200 curtains and used 6.200 square yards of fubre coming $24.440. Direct manufacturing tabor totaled 4 400 houn for 40420 Read the requirements Requirement. Compute the direct manufacturing labor price and efficiency varices for the quarter, First, determine the formula and enter the amounts to calculate direct manufacturing labor actual price of input. Enter the door actual price of input to two decimal places, sx.xx) Direct labor actual price of input per hour Now determine the formula and enter the amounts to calculate the direct manufacturing labor price variance Labelcach variance as favorable (F) or unfavorable (U) (Enter un contato two decimal places, XXX Iwbor) ) Price varne 1) Finally, termine the formula and enter the amounts to calculate the efficiency variance Labelcach variance as favorable (F) or unfavorable (U) (Enterunt costs to two decimal placesXxx Abbreviations used budgeted quantity, DL direct lobor) Efficiency (Usage 3 variance 3x Choose from any list or enter any number in the input fields and then continue to the next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Auditing Cases

Authors: Frank A. Buckless, Mark. S. Beasley, Steven M. Glover, Douglas F. Prawitt

1st Edition

978-0130800015

More Books

Students also viewed these Accounting questions

Question

2. What are implementation intentions?

Answered: 1 week ago