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Tipton Company manufactures shirts. During June, Tipton made 1,.200 shirts and gathered the following additional data: 囲(Click on the icon to view the data.) Read the ecuirements. 7. Calculate the direct materials cost variance Select the formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U). - Direct Materials Cost Variance 8. Calculate the direct materials efficiency variance. Select the formula, then enter the amounts and compute the efficiency variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U). ) x[ Direct Materials Efficiency Variance 9. Calculate the total direct materials variance and identify whether the variance is favorable or unfavorable. The total direct materials variance is 10. Calculate the direct labor cost variance. Select the formula, then enter the amounts and compute the cost variance for direct labor and identify whether the variance is favorable (F) or unfavorable (U) - Direct Labor Cost Variance 11. Calculate the direct labor efficiency variance. SRlect the formula then 6enter the amnunts and cr mnule th6. ffic: crev var anne far direct ator and dentifv whelher the varianca s favorable rFi cr unfavarable lu). Choose from any list or enter any number in the input fields and then continue to the next question.

Tipton Company manufactures shirts. During June, Tipton made 1,200 shirts and gathered the following additional data: 囲(Click on the icon to view the data.) Read the requirements. B. Calculate the direct matenals emciency variance Select the formula, then enter the amounts and compute the efficiency variance for direct materials and identify whether the variance is favorable (F) Data Table Direct materials cost standard Direct materials efficiency standard Actual amount of fabric purchased and used Actual cost of fabric purchased and used Direct labor cost standard Direct labor efficiency standard Actual amount of direct labor hours Actual cost of direct labor $6.00 per yard of fabric 1.50 yards per shirt 1,680 yards $10,500 $15.00 per DLHr 2.00 DLHr per shirt 2,520 DLHr S36,540 - Direct Materials Efficiency Variance 9. Calculate the total direct materials variance and identify whether the vaiance is favorable or unfavorable. The total direct materials variance is 10. Calculate the direct labor cost variance. Select the formula, then enter the amounts and compute the cost variance for direct labor and identify whether the variance is favorable (F) or u - Direct Labor Cost Variance PrintDone 11. Calculate the direct labor efficiency variance Select the formula, thennter the amounts and compute the efficiency variance for direct labor and identify whether the varlance is favorable (F) or unfavorable (U). Direct Labor Efficiency Variance 12. Calculate the total direct labor variance and identify whether the variance is favorable or unfavorable. The total direct labor variance is

Select the formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U) Direct Materials Cost Variance Actual Cost 8. C Actual Quantity Sele Standard Cost als efficiency variance. r the amounts and compute the efficiency variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U) Standard Quantity Direct Materials Efficiency Variance

7. Calculate the direct materials cost variance. Select the fomula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U) s Direct Materials Cost Variance 8. Calculate the direct materials efficiency variance. Select the formula, then enter the amounts and compute the eficiency variance for direct materials and identify w F e variance is favcrable (F) or unfavorable (U) Direct Materials Efficiency Variance

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Direct Materials Cost Variance- (Actual price - Standard price) x Actual = ($0.25-$6.00) x 1.680 S420 Unfavorable Workings: Actual direct materials price $10,500/1,680 yards $6.25 per yard of fabric 8) Direct Materials Efficiency Variance(Actual Quantity - Standard Quantity) x Standard cost (1,680 1,800) x $6.00 S720 Favorable Workings: Standard 1,200 shirts 1.50 yards per shirt 1,800 yards 9) Total Direct Materials Variance- Direct Materials Cost Variance Direct Materials Efficiency Variance $420 Unfavorable + $720 Favourable S300 Favorable 10) Direct labor Cost Variance- (Actual Rate Standard Rate) x Actual Hours = ($14.50-$15.00) x 2,520 -S1,260 Favorable Workings: Actual direct labor rate $36,540 /2,520 DLHr -$14.50 per DLHr 11) Direct Labor Efficiency Variance(Actual Hours - Standard Hours) x Standard Rate - (2,520 - 2,400) x $15.00 = $1,800 Unfavorable Workings: Standard Hours 1,200 shirts 2.00 DLHr per shirt = 2,400 DLHr 12) Total Direct Labor Variance Direct labor Cost Variance Direct Labor Efficiency Variance - $1,260 Favorable $1,800 Unfavorable S540 Unfavorable

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