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Compute the direct materials price and efficiency variances

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Reference no: EM132741139

Question: Nancy's Draperies manufactures curtains. A certain window curtain requires the following:

Direct materials standard 10 square yards at $5 per yard

Direct manufacturing labor standard 5 hours at $10

During the second quarter, the company made 1,500 curtains and used 14,000 square yards of fabric costing $72,000. Direct labor totaled 7,600 hours for $83,600.

Required: a. Compute the direct materials price and efficiency variances for the quarter.

b. Compute the direct manufacturing labor price and efficiency variances for the quarter

Reference no: EM132741139

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