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Part 1, 2, & 3 Check my work During May. Joliet Fabrics Corporation manuf nformation from the Stylex production department also pertains t octured 620
Part 1, 2, & 3 Check my work During May. Joliet Fabrics Corporation manuf nformation from the Stylex production department also pertains t octured 620 unts floyer fabric with the trade name Stylex The tollowing Direet material purchased: 19,200 yards at $1.50 per yard Direct material used: 10,700 yards at $1.50 per yard Direct labor: 3,300 hours at $9.27 per hour $ 28,800 16,050 30,591 The standard prime costs for one unit of Stylex are as follows Direct material: 20 yards at $1.47 per yard Direct labor: 4 hours at $9.00 per hour $29.40 36.00 Total standard prime cost per unit of output-$65.10 Required: Compute the following variances for the month of May. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance). 1. Direct-material price variance Unfavorable
Part 1, 2, & 3
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