Wilson's Winter Woolens Manufactures Jackets and Other Wool Clothing

Wilson's Winter Woolens manufactures jackets and other wool clothing.A certain designed ski parka requires the following:

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.

Correct Answer:

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