Nolan Mills uses a standard cost system. During May, Nolan manufactured 15,000 pillowcases, using 27,000...
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Nolan Mills uses a standard cost system. During May, Nolan manufactured pillowcases, using yards of fabric costing $ per yard and incurring direct labor costs of $ for hours of direct labor. The standard cost per pillowcase assumes yards of fabric at $ per yard, and hours of direct labor at $ per hour. Required: a smpute both the price variance and quantity variance relating to direct materials used in the manufacture of pillowcases in May. b Compute both the rate variance and efficiency variance for direct labor costs incurred in manufacturing pillowcases in May. Note: For all requirements, Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter O for no effect ie zero variance Do not round your intermediate values. Round your answers to decimal places. 
Nolan Mills uses a standard cost system. During May, Nolan manufactured pillowcases, using yards of fabric costing
$ per yard and incurring direct labor costs of $ for hours of direct labor. The standard cost per pillowcase assumes
yards of fabric at $ per yard, and hours of direct labor at $ per hour.
Required:
a smpute both the price variance and quantity variance relating to direct materials used in the manufacture of pillowcases in May.
b Compute both the rate variance and efficiency variance for direct labor costs incurred in manufacturing pillowcases in May.
Note: For all requirements, Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and
enter O for no effect ie zero variance Do not round your intermediate values. Round your answers to decimal places.
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