Solved: Compute the direct materials price and efficiency variances, Financial Accounting

+44 141 628 6080
[email protected]

Compute the direct materials price and efficiency variances

Problem

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.

View Complete Question

Solution Preview :

Prepared by a verified Expert

Financial Accounting: Compute the direct materials price and efficiency variances

Reference No:- TGS0665539

Now Priced at $20 (50% Discount)

Recommended (97%)

Rated (4.9/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Financial Accounting

Q : That becomes the embryo and the new plant mitochondria and

That becomes the embryo and the new plant. Mitochondria and plastids that become chloroplasts are passed primarily from the female parent. What feature of the male or female gametophytes accounts for this

Q : In a rotor-ride at a carnival people pay money to be

In a "Rotor-ride" at a carnival, people pay money to be rotated in a vertical cylindrically walled "room." what is the minimum coefficient of static friction so that the people will not slip down

Q : Prepare the revenues budget production budget in units

Prepare the Revenues budget, production budget in units, Direct material usage budget and direct material purchases budget, Direct manufacturing labor cost budget, Manufacturing overhead cost budgets for each of the three activities for April

Q : The table gives me total product average fixed cost average

The table gives me Total product, average fixed cost, average variable cost, average total cost, marginal cost, and price. How do i decide if a firm can produce in the short run?

Q : Compute the direct materials price and efficiency variances

Compute the direct materials price and efficiency variances for the quarter and compute the direct manufacturing labor price and efficiency variances for the quarter.

Q : List two plants from an arid environment that have very

List two plants from an arid environment that have very small leaves (relative to plant size). Why would small leaves be beneficial to these plants. List a plant from an arid environment with no leaves - how does it perform photosynthesis

Q : One afternoon a couple walks three-fourths of the way

One afternoon, a couple walks three-fourths of the way around a circular lake, the radius of which is 3.00 km. What is the distance they travel

Q : In the signal transduction lecture we established that the

In the signal transduction lecture, we established that the BCR-ABL translocation creates a membrane bound receptor with constitutive kinase activity. What defect is associated with this oncogenic mutation

Q : A 1000-kg car is travelling west at 170 ms toward an

A 1000-kg car is travelling west at 17.0 m/s toward an intersection. What is the angle of their velocity after the collision relative to the east direction

1937953

Questions
Asked

3,689

Active Tutors

1417163

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Solution Preview :

Prepared by a verified Expert

Financial Accounting: Compute the direct materials price and efficiency variances

Reference No:- TGS0665539

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Accounting

Q : That becomes the embryo and the new plant mitochondria and

Q : In a rotor-ride at a carnival people pay money to be

Q : Prepare the revenues budget production budget in units

Q : The table gives me total product average fixed cost average

Q : Compute the direct materials price and efficiency variances

Q : List two plants from an arid environment that have very

Q : One afternoon a couple walks three-fourths of the way

Q : In the signal transduction lecture we established that the

Q : A 1000-kg car is travelling west at 170 ms toward an

Summarize the most salient points of andrew sloane

Write contextual analysis for luke

What are your thoughts on the health message

Which author said that sports can be thought of as religion

What is it about tendency to individualize christian faith

How everyones life is deemed valuable to god

Describe one aspect of luke?acts

Solution Preview :

Prepared by a verified Expert

Financial Accounting: Compute the direct materials price and efficiency variances

Reference No:- TGS0665539

Recent Questions Asked Financial Accounting

Q : That becomes the embryo and the new plant mitochondria and

Q : In a rotor-ride at a carnival people pay money to be

Q : Prepare the revenues budget production budget in units

Q : The table gives me total product average fixed cost average

Q : Compute the direct materials price and efficiency variances

Q : List two plants from an arid environment that have very

Q : One afternoon a couple walks three-fourths of the way

Q : In the signal transduction lecture we established that the

Q : A 1000-kg car is travelling west at 170 ms toward an

Asked Questions