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Jackson Company manufactures shirts. During June, Jackson made 1,000 shirts and gathered the following additional data: (Click on the icon to view the data.) Read
Jackson Company manufactures shirts. During June, Jackson made 1,000 shirts and gathered the following additional data: (Click on the icon to view the data.) Read the requirements. 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). = Direct Materials Cost Variance ( 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). = 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). Jackson Company manufactures shirts. During June, Jackson made 1,000 shirts and gathered the following additional data: (Click on the icon to view the data.) Read the requirements. 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). Direct Labor Cost Variance ( 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). X = Direct Labor Efficiency Variance ( 12. Calculate the total direct labor variance and identify whether the variance is favorable or unfavorable. The total direct labor variance is X i Data Table Direct materials cost standard $12.00 per yard of fabric Direct materials efficiency standard 2.10 yards per shirt Actual amount of fabric purchased and used 1,960 yards Actual cost of fabric purchased and used $24,206 Direct labor cost standard $17.00 per DLHr Direct labor efficiency standard 5.00 DLHO per shirt Actual amount of direct labor hours 5,090 DLHr Actual cost of direct labor $86,021 Print Done
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