Clean Sweep Company produces all-vinyl mats. Each doormat calls for 0.5 meter of vinyl material; the material should cost $3 per meter. Standard direct labor hours and labor cost per doormat are 0.3 hour and $6 (0.3 hour × $20 per hour), respectively. Currently, the division's standard variable overhead rate is $1.50 per direct labor hour, and its standard fixed overhead rate is $0.80 per direct labor hour.

a) What is the direct materials price variance?

b) What is the direct materials quantity variance?

c) What is the direct materials rate variance?

d) What is the direct materials efficiency variance?

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Computing Variances and Evaluating Performance a Direct materials price variance b Direct material v... View the full answer