49. Joy Draperies manufactures curtains. To complete a curtain, Jill requires the following inputs: Direct materials standard: 5 square yards at $5.90 per yard Direct manufacturing labor standard: 6 hours at $11.80 per hour During the second quarter, Joy Draperies made 1,700 curtains and used 8,000 square yards of fabric costing $45,600. Direct manufacturing labor totaled 10,700 hours for $124, 120. 1- Compute the direct material price variance for the quarter. 2- Compute the direct material efficiency variance for the quarter. 3- Compute the flexible-budget variance for direct material for the quarter.
49. Joy Draperies manufactures curtains. To complete a curtain, Jill requires the following inputs: Direct materials standard: 5 square yards at $5.90 per yard Direct manufacturing labor standard: 6 hours at $11.80 per hour During the second quarter, Joy Draperies made 1,700 curtains and used 8,000 square yards of fabric costing $45,600. Direct manufacturing labor totaled 10,700 hours for $124, 120. 1- Compute the direct material price variance for the quarter. 2- Compute the direct material efficiency variance for the quarter. 3- Compute the flexible-budget variance for direct material for the quarter.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:49. Joy Draperies manufactures curtains. To complete a curtain, Jill requires the following
inputs:
Direct materials standard:
5 square yards at $5.90 per yard
Direct manufacturing labor standard: 6 hours at $11.80 per hour
During the second quarter, Joy Draperies made 1,700 curtains and used 8,000 square yards of
fabric costing $45,600. Direct manufacturing labor totaled 10,700 hours for $124,120.
1- Compute the direct material price variance for the quarter.
2- Compute the direct material efficiency variance for the quarter.
3- Compute the flexible-budget variance for direct material for the quarter.
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