Nancy's Draperies manufactures curtains. A certain window curtain requires the following: Direct materials standard $11$ square yards at $$6$ per yard Direct manufacturing labor standard $6$ hours at $$10$ During the second quarter, the company made $1,500$ curtains and used $12,000$ square yards of fabric costing $$68,000.$ Direct labor totaled $7,600$ hours for $$83,600.$

Required:

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.  

Answer rating: 100% (QA)

To compute the direct materials price and efficiency variances for the quarter we need to compare the actual quantities and costs of materials used wi... View the full answer