During March, Manhattan Fabrics Corporation manufactured 590 units of a special multilayer fabric with the...
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During March, Manhattan Fabrics Corporation manufactured 590 units of a special multilayer fabric with the trade name Stylex. The following information from the Stylex production department also pertains to March Direct material purchased: 18,900 yards at $1.47 per yard Direct material used: 10,400 yards at $1.47 per yard Direct labor: 3,000 hours at $9 24 per hour $27,783 15,288 27,720 The standard prime costs for one unit of Stylex are as follows Direct material 20 yards at $1.44 per yard Direct labor 4 hours at $9 00 per hour 28.80 36.00 Tolalstandard i cor n564 80 Required: Compute the following variances for the month of March (Indicate the effect of each variance by selecting Favorable" or Unt Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance). price variance 3 Direct-material purchase price variance 5 Direct-labor efficiency variance O Type here to search
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