Hello,

Can someone show me how to solve the final part of this question. This is part 3/6

Requirement a. Compute the direct materials price and efficiency variances for the quarter. First, determine the formula and enter the amounts to calculate direct materials actual price of input. (Enter the direct materials actual price of input to two decimal places, $X.XX.) Actual total direct materials cost Actual quantity of input = Direct materials actual price of input $ 42,000 8,400 $ 5.00 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 unfavorable (U). (Enter unit costs to two decimal places, $X.XX. Abbreviations used: AO = actual output, BQ = budgeted quantity, DM = direct materials.) ( Actual price of input - Budgeted price of input ) x Actual quantity of input Price variance $ 5.00 5.30 ) X 8,400 = $ 2,520 F Finally, determine the formula and enter the amounts to calculate the direct materials efficiency variance. Label each variance as favorable (F) or unfavorable (U). (Enter unit costs to two decimal places, $X.XX. Abbreviations used: AO = actual output, BQ = budgeted quantity, DM = direct materials.) Efficiency (Usage) X variance X = FJenna Draperies manufactures curtains. To complete a curtain, Jenna requires the following g (Click the icon to View the inputs.) During the second quarter, Jenna Draperies made 1,800 curtains and used 8,400 square ya $42,000. Direct manufacturing labor totaled 5,300 hours for $60,950. Read the @uirements. 0 Data Table - X Direct materials standard: 5 square yards at $5.30 per yard Direct manufacturing labor standard: 3 hours at $11.90 per hour