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Compute the material variances and labor variances

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Reference no: EM131781568

Question - Manhattan Fabrics

During March Manhattan Fabrics Corporation manufactured 1,000 units of a special multilayer fabric with the trade name Stylex. The following information from the Stylex production department also pertains to March.

DM purchased: 36,000 yards @ $1.38 per yard

DM used: 19,000 yards @ $1.38 per yard

DL: 4,200 hours @ $9.15 per hour

The standard prime costs for one unit of Stylex are as follows:

DM: 20 yards @ $1.35 per yard $27

DL: 4 hours @ $9.00 per hour $36

Total prime costs per unit of output $63

Compute the following:

Material variances

Labor variances

Reference no: EM131781568

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