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Madzinga's Draperies manufactures curtains. Curtain #4571 requires the following: a. Compute the material price and usage variances. Note: Do not use a negative sign with
Madzinga's Draperies manufactures curtains. Curtain \#4571 requires the following: a. Compute the material price and usage variances. Note: Do not use a negative sign with your answers. b. Prepare the journal entries for the purchase and use of direct material. Note: Round amounts to the nearest whole dollar. Note: Record any multiple debits or any multiple credits in alphabetical order by account name. c. Compute labor rate and labor efficiency variances. Note: Do not use a negative sign with your answers. Note: Round your final answer to the nearest whole dollar. d. Prepare the journal entry to accrue direct labor cost and record the labor variances for the quarter
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