4) Wilson's Winter Woolens manufactures ski parka requires the following: Direct materials standard Direct manufacturing labor standard jackets and other wool clothing. A certain designed 2 square yards at $13.50 per yard 1.5 hours at $20.00 per hour During the third quarter, the company made 1,500 parkas and used 3,150 square yards of fabric costing $39,375. Direct labor totaled 2,100 hours for $45,150. 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.

4) Wilson's Winter Woolens manufactures ski parka requires the following: Direct materials standard Direct manufacturing labor standard jackets and other wool clothing. A certain designed 2 square yards at $13.50 per yard 1.5 hours at $20.00 per hour During the third quarter, the company made 1,500 parkas and used 3,150 square yards of fabric costing $39,375. Direct labor totaled 2,100 hours for $45,150. 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.

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Description: 4) Wilson's Winter Woolens manufactures jackets and other wool clothing. A certain designedski parka requires the following:Direct materials standardDirect manufacturing labor standard2 square yards at $13.50 per yard1.5 hours at $20.00 per hourDuri

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject: Acounting
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