Nakita Inc. makes a popular running jacket. The company is developing standards for material, labour, & veriable manufacturing overhead.

The standard cost for one jogging suit would be:

Required:

A$.$ Compute the direct materials price and quantity variances. What is the total material variance?

B$.$ Please provide one reason why DM price and$/$or quantity is F or U$?$

A$.$ Compute the direct labour rate and efficiency variances. What is the total labour variance?

B$.$ Please provide one reason why labour efficiency is F or U$?$