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rompola corporation manufactures futons with the following standard costs per unit d 3616547

Rompola Corporation manufactures futons with the following standard costs per unit:,Direct materials ……………………………………………. 80 yards at $ 2.00 per yard,Direct labor …………………………………………………. 20 hours at $ 20 per hour,The actual results for the year were as follows:,Direct materials … 120,000 yards purchased at a total cost of $ 264,000; 118,000 yards used,Direct labor ……………………………………… 32,000 hours worked at a total cost of $ 604,800,Production …………………………………………………………………………………………. 1,500 units,Required,A. Compute the following variances:,1. Direct materials price variance,2. Direct materials usage variance,3. Direct materials inventory variance,4. Direct labor price variance,5. Direct labor usage variance,B. Interpret each of the variances calculated.

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