Reference no: EM132969935

Question - Jackson, Inc.?, manufactures lead crystal glasses. Jackson, Inc.?'s managers recently calculated the? following:

Variances after completing production of 6,200 ?glasses:

Direct materials cost variance  $744 U

Direct labor cost variance  $4,960 U

Direct materials efficiency variance  $2,232 U

Direct labor efficiency variance  $7,440 F

Requirements -

1. For each? variance, who in Jackson, Inc.?'s organization is most likely? responsible?

2. Interpret the direct materials and direct labor variances for Jackson, Inc.?'s management.

Direct materials cost variance  _________________

Direct materials efficiency variance  __________

Direct labor cost variance _______

Direct labor efficiency variance ____________