Question

w Attempt History rent Attempt in Progress - Your answer is partially correct. Bramble Clothiers is a small company that manufactures tall-mer's sults. The company has used a standard cost accounting system. In May 2020, 10,600 sults were produced. The following standard and actual cost data ape day when normal capacity was 17 500 direct labor hours. All materials purchased were used. Cost Element Standard (per unit) Actual Direct materials 7 yards at $4.50 per yard $325,815 for 74,900 yards ($4.35 per yard) Direct labor 1.10 hours at $13.00 per hour $168,304 for 12,560 hours ($13.40 per hour) Overhead 1.10 hours at $6.70 per hour (fixed $4.00; variable $2.70) $48.200 foed overhead $36,500 variable overhead Overhead is applied on the basis of direct labor hours. At normal capacity budgeted fixed overhead costs were $70,000, and budgeted variable overhead was $47.250 Compute the total price and quantity variances for (1) materials and (2) labor. (Round per unit values to 2 decimal places, ... 52.75 and final answers to o decimal places, es 14385 1) Total materiais variance Materials price variance Materials quantity variance (2) Total labor variance Labor price variance Labor quantity variance Favorable Favorable Unfavorab Unfavorab $ Unfavorable Unfavorable $ Compute the total overhead variance. Total overhead variance SL 23782 Unfavorable e Textbook and Media Attempts: 4 of 15 used Save for Late

Answer 1

1	Total Materials Variance	$8,085	F
	Materials Price Variance	$11,235	F	[74,900 x ($4.35 - $4.50)]
	Materials Quantity Variance	$3,150	U	[$4.50 x (74,900 - 10,600 x 7)]
2	Total Labor Variance	$16,724	U
	Labor Price Variance	$5,024	U	[12,560 x ($13.40 - $13.00)]
	Labor Quantity Variance	$11,700	U	[$13.00 x (12,560 - 10,600 x 1.10)]
3	Total Overhead Variance	$6,578	U	Absorbed cost - Actual cost
				[(10,600 x 1.10 hour x $6.70 per hour) - ($48,200 + $36,500)]