Goldman Company manufactures shirts. During June, Goldman made 1 comma 600 shirts and gathered the following additional data: LOADING...(Click on the icon to view the data.) Read the requirements LOADING....

7. Calculate the direct materials cost variance. Select the formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U). ( Actual Cost - ) x Actual Quantity = Direct Materials Cost Variance ( - ) x =

8. Calculate the direct materials efficiency variance. Select the formula, then enter the amounts and compute the efficiency variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U). ( Actual Quantity - ) x Standard Cost = Direct Materials Efficiency Variance ( - ) x =

9. Calculate the total direct materials variance and identify whether the variance is favorable or unfavorable. The total direct materials variance is .

10. Calculate the direct labor cost variance. Select the formula, then enter the amounts and compute the cost variance for direct labor and identify whether the variance is favorable (F) or unfavorable (U). ( Actual Cost - Standard Cost ) x = Direct Labor Cost Variance ( - ) x =

11. Calculate the direct labor efficiency variance. Select the formula, then enter the amounts and compute the efficiency variance for direct labor and identify whether the variance is favorable (F) or unfavorable (U). ( Actual Quantity - Standard Quantity ) x = Direct Labor Efficiency Variance ( - ) x =

12. Calculate the total direct labor variance and identify whether the variance is favorable or unfavorable. The total direct labor variance is . Choose from any list or enter any number in the input fields and then continue to the next question.

Data Table

Direct materials cost standard $7.00 per yard of fabric

Direct materials efficiency standard 1.70 yards per shirt

Actual amount of fabric purchased and used 2,620 yards

Actual cost of fabric purchased and used $18,602

Direct labor cost standard $12.00 per DLHr

Direct labor efficiency standard 3.00 DLHr per shirt

Actual amount of direct labor hours 4,890 DLHr

Actual cost of direct labor $57,702