Madzinga's Draperies manufactures curtains. A certain window requires the following:
Direct materials standard
10 square yards at $5 per yard
Direct manufacturing labor standard
5 hours at $10
During the second quarter, the company made 1,500 curtains and used 14,000 square yards of fabric costing $68,600. Direct labor totaled 7,600 hours for $79,800.
Required:
a. Compute the direct materials price and efficiency variances for the quarter.(9 Points).
