Windsor Corp. supplies its customers with high-quality canvas tents. These canvas tents sell for \( \$ 170 \) each, with the following DM and DL usage and price expectations.
\begin{tabular}{lll}
Direct materials & 11 square yards per unit & @ \$4/square yard \\
Direct labor & 1.3 DL hours per unit & @ \$18/DL hour \\
Variable-MOH & 1.3 DL hours per unit & @ \$3.00/DL hour
\end{tabular}
Throughout the year, Windsor used 3,776 DL hours in the process of making 2,950 tents. The company had originally planned to produce and sell 2,700 tents. Its actual variable-MOH costs totaled \( \$ 11,404 \) for the year.
(a)
Determine Windsor's variable-MOH price and efficiency variances. Also identify whether the company's variable-MOH costs were under- or overapplied, and by how much.
Variable-MOH price variance \$ \( \square \)
\( \square \)
Variable-MOH efficiency variance \$ \( \square \)
\( \square \)
Variable-MOH
\$ \( \square \)
\( \square \)
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(b)
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