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Goldman Company manufactures shirts. During June Goldman made 1600 shirts and gather the following additional data. 7. Calculate the direct materials cost variance. Select the
Goldman Company manufactures shirts. During June Goldman made 1600 shirts and gather the following additional data.
3 of 12 (0 complete) ? ade 1,600 shirts and gathered the following additional data: i Data Table Direct materials cost standard Direct materials efficiency standard Actual amount of fabric purchased and used Actual cost of fabric purchased and used Direct labor cost standard Direct labor efficiency standard Actual amount of direct labor hours Actual cost of direct labor $7.00 per yard of fabrio 1.60 yards per shirt 2,450 yards $17,395 $11.00 per DLHr 4.50 DLHr per shirt 7,260 DLHr $78,408 Print Done Direct Labor Cost Variance is and then continue to the next 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 or unfavorable.
8. calculate the direct materials efficiency variance
9. Calculate the total direct materials variance and identify whether the variance is favorable or unfavorable
10. Calculate the direct labor cost variance.
11. Calculate the direct labor efficiency variance.
12. Calculate the total direct labor variance and identify whether the variance is favorable or unfavorable.
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