Direct Material Standard: 7 square yards at $4.90 per yard

Direct Manufacturing Labor Standard: 3 hours at $11.90 per hour

Price Variance = (Actual price Budgeted price actual grantity of 7 square Yards at 4.90 per yord. Jen Draperies manufactures curtains. To complete a curtain, Jen requires the following inputs: input of (Click the icon to view the inputs.) During the second quarter , Jon Draperios made 1.000 curtains and used 6,800 square yards of fabric costing $31,960, Direct manufacturing labor totaled 2,900 hours for $34,220. Read the requirements 10 GOMES and les at 1:0 per hour Requirement a. Compute the direct materials price and efficiency variances for the quarter. 9:30- First, determine the formula and enter the amounts to calculate direct materials actual price of input. (Enter the direct materials actual price of input to two decimal places $xxx) "Achua quasily of input (1) (2) Direct materials actual price of input 311910 6.800 4. 70 per square yard Now determine the formula and enter the amounts to calculate the direct materials price variance. Label each variance as favorable (F) or unfavorable (U). (Enter unit costs to two decimal places, $X.XX. Abbreviations used: AO = actual output, BQ = budgeted quantity, DM = direct Ale price of Input este materiale price of laat Actual quantity of input (3) (4) ) (5) Price variance (6) 4.70 61800 1,360 F 4.90 = Actual Qty input Budgeted price of Input eficiency (Usage) Finally, determine the formula and enter the amounts to calculate the direct materials efficiency variance. Label each variance as favorable (F) or unfavorable (U). (Enter unit costs to two decimal places, $X.XX. Abbreviations used: AO = actual output, BQ = budgeted quantity, DM = direct materials.) BQ of input for AO (7) (8) ) (9) variance (10) 4.90 Requirement b. Compute the direct manufacturing labor price and efficiency variances for the quarter. First, determine the formula and enter the amounts to calculate direct manufacturing labor actual price of input. (Enter the direct labor actual price of input to two decimal places, $X.XX) Actual to be donc Labor (031 Achat input (11) (12) Direct labor actual price of input per hour 6,800 Now determine the formula and enter the amounts to calculate the direct manufacturing labor price variance. Label each variance as favorable (F) or unfavorable (U). (Enter unit costs to two decimal places, $X.XX. Abbreviations used: DL = direct labor.) (13) (14) X (15) Price variance (16) Finally, determine the formula and enter the amounts to calculate the efficiency variance. Label each variance as favorable (F) or unfavorable (U). (Enter unit costs to two decimal places, $X.XX. Abbreviations used: AO = actual output, BQ = budgeted quantity, DL = direct labor.) Efficiency (Usage) (17) (18) (19) variance |(20) X X