Question
Wilson's Winter Woolens manufactures jackets and other wool clothing.A certain designed ski parka requires the following: Direct materials standard2 sq yds at $13.50 per yard
Wilson's Winter Woolens manufactures jackets and other wool clothing.A certain designed ski parka requires the following:
Direct materials standard2 sq yds at $13.50 per yard
Direct labor standard1.5 hours at $20.00 per hour
During April, the company made 1,500 parkas and used 3,150 square yards of fabric.They purchased 3,500 sq. yards of fabric for $46,550 in April.Direct labor totaled 2,100 hours for $45,150.
Calculate the direct material price and efficiency variances.
> Direct material price variance is (amount Unfavorable or Favorable):
> Direct materialefficiencya is (amount Unfavorable or Favorable):
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