Tipton Company manufactures shirts. During June, Tipton made 1,.200 shirts and gathered the following additional data: (Click on the icon to view the data.) Read the ecuirements. 7. Calculate the direct materials cost variance Select the formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U). - Direct Materials Cost Variance 8. Calculate the direct materials efficiency variance. Select the formula, then enter the amounts and compute the efficiency variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U). ) x[ Direct Materials Efficiency Variance 9. Calculate the total direct materials variance and identify whether the variance is favorable or unfavorable. The total direct materials variance is 10. Calculate the direct labor cost variance. Select the formula, then enter the amounts and compute the cost variance for direct labor and identify whether the variance is favorable (F) or unfavorable (U) - Direct Labor Cost Variance 11. Calculate the direct labor efficiency variance. SRlect the formula then 6enter the amnunts and cr mnule th6. ffic: crev var anne far direct ator and dentifv whelher the varianca s favorable rFi cr unfavarable lu). Choose from any list or enter any number in the input fields and then continue to the next question. Tipton Company manufactures shirts. During June, Tipton made 1,200 shirts and gathered the following additional data: (Click on the icon to view the data.) Read the requirements. B. Calculate the direct matenals emciency variance Select the formula, then enter the amounts and compute the efficiency variance for direct materials and identify whether the variance is favorable (F) Data Table Direct materials cost standard Direct materials efficiency standard Actual amount of fabric purchased and used Actual cost of fabric purchased and used Direct labor cost standard Direct labor efficiency standard Actual amount of direct labor hours Actual cost of direct labor $6.00 per yard of fabric 1.50 yards per shirt 1,680 yards $10,500 $15.00 per DLHr 2.00 DLHr per shirt 2,520 DLHr S36,540 - Direct Materials Efficiency Variance 9. Calculate the total direct materials variance and identify whether the vaiance is favorable or unfavorable. The total direct materials variance is 10. Calculate the direct labor cost variance. Select the formula, then enter the amounts and compute the cost variance for direct labor and identify whether the variance is favorable (F) or u - Direct Labor Cost Variance PrintDone 11. Calculate the direct labor efficiency variance Select the formula, thennter the amounts and compute the efficiency variance for direct labor and identify whether the varlance is favorable (F) or unfavorable (U). Direct Labor Efficiency Variance 12. Calculate the total direct labor variance and identify whether the variance is favorable or unfavorable. The total direct labor variance is Select the formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U) Direct Materials Cost Variance Actual Cost 8. C Actual Quantity Sele Standard Cost als efficiency variance. r the amounts and compute the efficiency variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U) Standard Quantity Direct Materials Efficiency Variance 7. Calculate the direct materials cost variance. Select the fomula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U) s Direct Materials Cost Variance 8. Calculate the direct materials efficiency variance. Select the formula, then enter the amounts and compute the eficiency variance for direct materials and identify w F e variance is favcrable (F) or unfavorable (U) Direct Materials Efficiency Variance
