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Compute the dm quantity variance

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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?

Reference no: EM133147086

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