Kingbird Corp. supplies its customers with high-quality canvas tents. These canvas tents sell for $170 each, with the following DM and DL usage and price expectations. Direct materials Direct labor (a) Throughout the year, Kingbird used 30,550 square yards of fabric in the process of making 3,250 tents. The company had originally planned to produce and sell 3,000 tents. In keeping with its desire to hold some DM Inventory at year-end, it purchased 32,550 square yards of canvas at $6.20 per square yard. Kingbird's DL cost totaled $70,720 for the 4,160 hours that were actually used. Price variance Efficiency variance 9 square yards per unit 1.3 DL hours per unit Determine Kingbird's DM and DL price and efficiency variances; specify the amount and sign for all. $ $ @ $6/square yard @$16/DL hour 1 DM Favorable Favorable + $ $ DL Favorable Favorable !!! SUP

Kingbird Corp. supplies its customers with high quality canvas tents. These canvas tents sell for $170 each, with the following DM and DL usage and price expectations. Throughout the year, Kingbird used 30,550 square yards of fabric in the process of making 3,250 tents. The company had originally planned to produce and sell 3,000 tents. In keeping with its desire to hold some DM Inventory at year-end, it purchased 32,550 square yards of canvas at $6.20 per square yard. Kincbird's OL cost totaled $70,720 for the 4,160 hours that were actually used. (a) Determine Kingbirds DM and DL pric and efficiency variances; specify the amount and sign for all. Kingbird Corp. supplies its customers with high quality canvas tents. These canvas tents sell for $170 each, with the following DM and DL usage and price expectations. Throughout the year, Kingbird used 30,550 square yards of fabric in the process of making 3,250 tents. The company had originally planned to produce and sell 3,000 tents. In keeping with its desire to hold some DM Inventory at year-end, it purchased 32,550 square yards of canvas at $6.20 per square yard. Kincbird's OL cost totaled $70,720 for the 4,160 hours that were actually used. (a) Determine Kingbirds DM and DL pric and efficiency variances; specify the amount and sign for all