Solution-Show computations of price and efficiency variances

Show computations of price and efficiency variances

Reference no: EM132597977

Question 1: Show computations of price and efficiency variances for direct materials and direct manufacturing labor. Give a plausible explanation of why each variance occurred.

Question 2: Suppose 8,700 square yards of materials were purchased? (at $6.00 per square? yard), even though only 6,300 square yards were used. Suppose further that variances are identified at their most timely control? point; accordingly, direct materials price variances are isolated and traced at the time of purchase to the purchasing department rather than to the production department. Compute the price and efficiency variances under this approach.

Reference no: EM132597977

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Show computations of price and efficiency variances

Reference no: EM132597977

Reference no: EM132597977

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