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Madzinga's Draperies manufactures curtains A certain window requires the following Direct materials standard 10 square yards at S5 per yard Direct manufacturing labor standard 5
Madzinga's Draperies manufactures curtains A certain window requires the following Direct materials standard 10 square yards at S5 per yard Direct manufacturing labor standard 5 hours at $10 During the second quarter, the company made 1,500 curtains and used 14,000 square yards of fabric costing $68,600. Direct labor totaled 7,600 hours for $79,800. Required: a. Compute the direct materials price and efficiency variances for the quarter, and indicate whether it is favorable or unfavorable. b. Compute the direct manufacturing labor price and efficiency variances for the quarter, and indicate whether it is favorable or unfavorable. c. Prepare the journal entries to accrue direct manufacturing labor costs and record the labor variances
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