ples its customers with high-quality canvas tents. These canvas tents sell for $170 each, with the following DM and DL usage and price expectations. Direct materials Direct labor (a) Throughout the year, Tamarisk used 27,900 square yards of fabric in the process of making 3,000 tents. The company had originally planned to produce and sell 2,800 tents. In keeping with its desire to hold some DM Inventory at year-end, it purchased 30,000 square yards of canvas at $6.10 per square yard. Tamarisk's DL cost totaled $51,840 for the 2,880 hours that were actually used. Your answer is correct. Price variance 9 square yards per unit 1 DL hours per unit Determine Tamarisk's DM and DL price and efficiency variances; specify the amount and sign for all. Efficiency variance $ $ @ $6/square yard @$17/DL hour 3000 5400 DM Unfavorable Unfavorable $ 2880 2040 DL Unfavoral Favorable
ples its customers with high-quality canvas tents. These canvas tents sell for $170 each, with the following DM and DL usage and price expectations. Direct materials Direct labor (a) Throughout the year, Tamarisk used 27,900 square yards of fabric in the process of making 3,000 tents. The company had originally planned to produce and sell 2,800 tents. In keeping with its desire to hold some DM Inventory at year-end, it purchased 30,000 square yards of canvas at $6.10 per square yard. Tamarisk's DL cost totaled $51,840 for the 2,880 hours that were actually used. Your answer is correct. Price variance 9 square yards per unit 1 DL hours per unit Determine Tamarisk's DM and DL price and efficiency variances; specify the amount and sign for all. Efficiency variance $ $ @ $6/square yard @$17/DL hour 3000 5400 DM Unfavorable Unfavorable $ 2880 2040 DL Unfavoral Favorable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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