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Jenna Draperies manufactures curtains. To complete a curtain, Jenna requires the following inputs: (Click the icon to view the inputs.) Read the requirements. Requirement a.
Jenna Draperies manufactures curtains. To complete a curtain, Jenna requires the following inputs: (Click the icon to view the inputs.) Read the requirements. 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 p Data table Direct materials standard: 6 square yards at $5.40 per yard Direct manufacturing labor standard: 4 hours at $11.90 per hour 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.) Finally, determine the formula and enter the amounts to calculate the direct materials efficiency variance. Label each variance as favorable (F) or Finally, determine the formula and enter the amounts to calculate the direct materials efficiency variance. Label each variance as favorable (F) unfavorable (U). (Enter unit costs to two decimal places, $X.XX. Abbreviations used: AO= actual output, BQ= budgeted quantity, DM = direct materials.) (Requirementb.Computethedirectmanufacturinglaborpriceandefficiencyvariancesforthequarter.)x First, determine the formula and enter the amounts to calculate direct manufacturing labor actual price of input. (Enter the direct labor actual price of input to two decimal places, $X.XX.) Now determine the formula and enter the amounts to calculate the direct manufacturing labor price variance. Label each variance as favorable (F) o unfavorable (U). (Enter unit costs to two decimal places, \$X.XX. Abbreviations used: DL = direct labor.) (()xx= Finally, determine the formula and enter the amounts to calculate the efficiency variance. Label each variance as favorable (F) or unfavorable (L (Enter unit costs to two decimal places, $X.XX. Abbreviations used: AO= actual output, BQ= budgeted quantity, DL= direct labor.) ((x)xEfficiency(Usasvariance
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