Nancy's Draperies Manufactures Curtains

question 53

Essay

Nancy's Draperies manufactures curtains. A certain window curtain requires the following:
Direct materials standard10 square yards at $5 per yard
Direct manufacturing labor standard5 hours at $10
During the second quarter, the company made 1,500 curtains and used 14,000 square yards of fabric costing $72,000. Direct labor totaled 7,600 hours for $83,600.
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.

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Definitions:

Increased Blood Sugar Levels

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High-Risk Drinking

Alcohol consumption at levels that significantly increase the risk of harm to oneself or others.

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A chronic liver disease marked by degradation of liver tissue, leading to liver failure.

Alcohol Dependence

A medical condition characterized by a strong craving for alcohol, inability to control drinking, and physiological withdrawal symptoms when alcohol use is stopped.