6) Wilson\'s Winter Woolens manufactures jackets and other wool clothing. A cert

Question

6) Wilson's Winter Woolens manufactures jackets and other wool clothing. A certain designed ski parka requires the following: Direct materials standard 2 square yards at $13.50 per yard Direct manufacturing labor standard 1.5 hours at $20.00 per hour During the third quarter, the company made 1,500 parkas and used 3,150 square yards of fabric costing $39,375. Direct labor totaled 2,100 hours for $45,150. 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

Explanation / Answer

-2025

Direct material price Variance Standard price 13.5 Actual rice 12.5 Actual quantity 3150 Actual Quanity 3150 (13.5*3150) 42525 (12.5*3150) 39375 3150 Favour Direct material effeciency variance Standard price 13.5 standard price 13.5 Standard quantity 3000 Actual Quantity 3150 (13.5*3000) 40500 (13.5*3150) 42525

-2025

Un Favourable Direct Manufacturing Labour Price Variance standard rate 20 Actual rate 21.5 Actual hours 2100 Actual hours. 2100 42000 45150 -3150 Un Favourable Direct Manufacturing Labour Effeciency Variance Standard rate 20 standard rate 20 Standard hours 2250 Actual hours 2100 45000 42000 3000 Favour

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