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Compute the direct materials price and efficiency variances

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Reference no: EM132520291

Glenn's Draperies manufactures curtains. A certain window requires the following:

  • Direct materials standard is 11 square metres at $5 per metre
  • Direct manufacturing labour standard is 5 hours at $10
  • During the second quarter the company made 1,600 curtains and used 15,000 square metres of fabric costing $72,000. Direct labour totaled 7,700 hours for $78,925.

Required:

Question a. Compute the direct materials price and efficiency variances for the quarter.

Question b. Compute the direct manufacturing labour rate and efficiency variances for the quarter.

Reference no: EM132520291

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