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Home Q & A Board Other Fields Homework Help Business Economics
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ashly138 ashly138
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6 years ago
Wilson's Winter Woolens manufactures jackets and other wool clothing. A certain designed ski parka requires the following:

Direct materials standard   2 square metres at $13.50 per metre
Direct manufacturing labour standard   1.5 hours at $20.00 per hour

During the third quarter, the company made 1,500 parkas and used 3,150 square metres of fabric costing $39,375. Direct labour 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 labour rate and efficiency variances for the quarter.
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
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ashly138 Author
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6 years ago
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sweetalia
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