Homework Answers
Answer
- Direct Material quantity variance = $ 272 Unfavourable
|
Material Quantity Variance |
||||||
|
( |
Standard Quantity = 750 suits x 1.40 yards |
- |
Actual Quantity used |
) |
x |
Standard Rate |
|
( |
1050 |
- |
1118 |
) |
x |
$ 4.00 |
|
-272 |
||||||
|
Variance |
$ 272.00 |
Unfavourable-U |
||||
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Sheffield, Inc. makes high-quality swimsuits. During the year, the company produced 750 suits, using 1,118 yards...
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Rudd Clothiers is a small company that manufactures tall-men’s suits. The company has used a standard...
Rudd Clothiers is a small company that manufactures tall-men’s
suits. The company has used a standard cost accounting system. In
May 2017, 10,000 suits were produced. The following standard and
actual cost data applied to the month of May when normal capacity
was 14,500 direct labor hours. All materials purchased were
used.
Cost Element
Standard (per unit)
Actual
Direct materials
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Direct labor
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Rudd Clothiers is a small company that manufactures tall-men’s suits. The company has used a standard...
Rudd Clothiers is a small company that manufactures tall-men’s
suits. The company has used a standard cost accounting system. In
May 2017, 10,600 suits were produced. The following standard and
actual cost data applied to the month of May when normal capacity
was 16,000 direct labor hours. All materials purchased were
used.
Cost Element
Standard (per unit)
Actual
Direct materials
10 yards at $4.90 per
yard
$501,020 for 106,600 yards
($4.70 per yard)
Direct labor
1.20 hours at $13.00 per...
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suits. The company has used a standard cost accounting system. In
May 2017, 10,000 suits were produced. The following standard and
actual cost data applied to the month of May when normal capacity
was 14,500 direct labor hours. All materials purchased were
used.
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Rudd Clothiers is a small company that manufactures tall-men’s
suits. The company has used a standard cost accounting system. In
May 2017, 10,000 suits were produced. The following standard and
actual cost data applied to the month of May when normal capacity
was 14,500 direct labor hours. All materials purchased were
used.
Cost Element
Standard (per unit)
Actual
Direct materials
10 yards at $4.50 per yard
$443,080 for 100,700 yards ($4.40 per yard)
Direct labor
1.10 hours at $14.00 per...
Rudd Clothiers is a small company that manufactures tall-men’s
suits. The company has used a standard cost accounting system. In
May 2017, 10,600 suits were produced. The following standard and
actual cost data applied to the month of May when normal capacity
was 16,000 direct labor hours. All materials purchased were
used.
Cost Element
Standard (per unit)
Actual
Direct materials
10 yards at $4.90 per
yard
$501,020 for 106,600 yards
($4.70 per yard)
Direct labor
1.20 hours at $13.00 per...
Problem 26-03A a-b (Video) Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2020, 10,600 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 13,000 direct labor hours. All materials purchased were used. Cost Element Actual Direct materials Direct labor Overhead Standard (per unit) 6 yards at $4.00 per yard 1.10 hours at $14.00 per hour 1.10...
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suits. The company has used a standard cost accounting system. In
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