The Jersey Company produces cotton/polyester blend T-shirts to supply a custom T-shirt customer. The company experienced a computer failure and some of the data were lost and could not be recovered. The data the company were able to recover are shown below:
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Read the requirements.
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Data table
Requirements
Calculate the following:
1. Actual price per square yard of direct materials
2. Actual quantity of shirts produced
3. Actual direct manufacturing labor hours worked
4. Standard direct manufacturing labor rate
5. Standard direct manufacturing labor hours per shirt
Direct materials used
Direct materials purchased
Direct materials price variance
Direct materials efficiency variance
Direct manufacturing labor price variance
Direct manufacturing labor efficiency variance
Standard price of direct materials
Standard quantity of direct materials per T-shirt
Actual direct manufacturing labor cost
Actual direct manufacturing labor rate
835,000 sq. yds.
845,000 sq. yds.
$253,500 F
$562,580 U
$29,000 U
$816,960 U
$2.30 per sq. yd.
0.9 sq. yds.
$8,613,000
$14.85/hr
Print
Done
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Done
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Requirement 1. Calculate the actual price per square yard of direct materials. (Round your answer to the nearest cent. Abbreviations used: bud. = budgeted; DL = direct labor; DM = direct materials; qty = quantity; sq. = square; std = standard; yd. = yard.)
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)+
Actual price
per sq yd
