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Whispering Corp. supplies 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, Whispering used 35,340 square yards of fabric in the process of making 3,100 tents. The company had originall planned to produce and sell 2,850 tents. In keeping with its desire to hold some DM Inventory at year-end, it purchased 37,540 squar yards of canvas at $6.15 per square yard. Whispering's DL cost totaled $63,705 for the 4,247 hours that were actually used. rice ariance Determine Whispering's DM and DL price and efficiency variances; specify the amount and sign for all. fficiency ariance 11 square yards per unit 1.4 DL hours per unit $ $ @ $6/square yard @$14/DL hour DM Unfavorable Favorable + $ $ DL Unfavorable Favorable

Whispering Corp. supplies 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, Whispering used 35,340 square yards of fabric in the process of making 3,100 tents. The company had originall planned to produce and sell 2,850 tents. In keeping with its desire to hold some DM Inventory at year-end, it purchased 37,540 squar yards of canvas at $6.15 per square yard. Whispering's DL cost totaled $63,705 for the 4,247 hours that were actually used. rice ariance Determine Whispering's DM and DL price and efficiency variances; specify the amount and sign for all. fficiency ariance 11 square yards per unit 1.4 DL hours per unit $ $ @ $6/square yard @$14/DL hour DM Unfavorable Favorable + $ $ DL Unfavorable Favorable

FINANCIAL ACCOUNTING
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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Whispering Corp. supplies 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, Whispering used 35,340 square yards of fabric in the process of making 3,100 tents. The company had originally planned to produce and sell 2,850 tents. In keeping with its desire to hold some DM Inventory at year-end, it purchased 37,540 square yards of canvas at $6.15 per square yard. Whispering's DL cost totaled $63,705 for the 4,247 hours that were actually used. rice ariance Determine Whispering's DM and DL price and efficiency variances; specify the amount and sign for all. fficiency ariance 11 square yards per unit 1.4 DL hours per unit LA tA @ $6/square yard @$14/DL hour DM Unfavorable Favorable LA LA DL Unfavorable Favorable
Transcribed Image Text:Whispering Corp. supplies 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, Whispering used 35,340 square yards of fabric in the process of making 3,100 tents. The company had originally planned to produce and sell 2,850 tents. In keeping with its desire to hold some DM Inventory at year-end, it purchased 37,540 square yards of canvas at $6.15 per square yard. Whispering's DL cost totaled $63,705 for the 4,247 hours that were actually used. rice ariance Determine Whispering's DM and DL price and efficiency variances; specify the amount and sign for all. fficiency ariance 11 square yards per unit 1.4 DL hours per unit LA tA @ $6/square yard @$14/DL hour DM Unfavorable Favorable LA LA DL Unfavorable Favorable
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