Exercise 24.13

per yard, and 0.20 hours of direct labor at $5.95 per hour. a. Compute both the price variance and quantity variance relating to direct materials used in the manufacture of pillowcases in May. b. Compute both the rate variance and efficiency variance for direct labor costs incurred in manufacturing pillowcases in May. Help Video: Standard Costing - Introduction Hint: On the first line for each variance, show the details of your calculation (i.e. x(L). On the