During May, Jollet Fabrics Corporation manufactured 530 units of a special multilayer fabric with the...
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During May, Jollet Fabrics Corporation manufactured 530 units of a special multilayer fabric with the trade name Stylex. The following information from the Stylex production department also pertains to May. The standard prime costs for one unit of Stylex are as foliows: Required: Compute the following vartances for the month of May. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfovorable". Select "None" and enter "0" for no effect (Le., zero vorlance). Orion Corporation has established the following standards for the prime costs of one unit of its chief product, dartboards. During June, Orion purchased 172,000 pounds of direct matenal at a totai cost of $397,320. The total wages for June were $290,700 90 percent of which were for direct labor. Orion manufactured 25,000 dartboards during June using 135,000 pounds of the direct materlal purchased in June and 38,250 directlabor hours. Required: Compute the following variances for June. Note: Do not round Intermediate calculations. Indcate the effect of each varlance by selecting "Fovorable" or "Unfavorable
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