Reference no: EM133147086
Question - Heart Dress Co. manufactures dresses in a small manufacturing facility. Manufacturing has 20 employees. Each employee presently provides 35 hours of productive labor per week. Info about a production week is as follows:
Standard wage per hour $10.60
Standard labor time per dress 15 min
Standard # of yards of fabric per dress 4 yds
Standard price per yard of fabric $2.90
Actual price per yard of fabric $3.05
Actual yds of fabric used during the week 14,200
Actual wage per hour $10
Actual hrs per week 700
# of dresses produced during the week 3,500
Required -
1. Compute the DM Price Variance?
2. Compute the DM Quantity Variance?
3. Compute the DL Rate Variance?
4. Compute the DL Time Variance?