Glenn's Draperies Manufactures Curtains

question 129

Essay

Glenn's Draperies manufactures curtains.A certain window requires the following:
Direct materials standard is 10 square metres at $5 per metre
Direct manufacturing labour standard is 5 hours at $10
During the second quarter the company made 1,500 curtains and used 14,000 square metres of fabric costing $68,600.Direct labour totaled 7,600 hours for $79,800.Required:
a.Compute the direct materials price and efficiency variances for the quarter.
b.Compute the direct manufacturing labour rate and efficiency variances for the quarter.

---

Definitions:

Normative

Relating to principles or rules about what actions are morally right or wrong.

Federal Taxes

These are levies imposed by the government on individuals and entities' income, property, and transactions, used to fund public services and obligations.

Normative Questions

Questions that are based on subjective judgments or opinions about what ought to be, rather than what is objectively measurable.

Positive

Characterized by presence or possession; affirming an increase or addition in economics.