(a)(1) | Total materials variance | $ 18,050 | Favorable |
Materials price variance | $ 20,500 | Favorable | |
(AQ x AR) - (AQ x SR) = (102500 x $4.70) - (102500 x $4.90) = $20500 | |||
Materials quantity variance | $ 2,450 | Unfavorable | |
(AQ x SR) - (SQ x SR) = (102500 x $4.90) - (102000 x $4.90) = $2450 | |||
SQ = 10200 suits x 10 yards = 102000 yards | |||
(a)(2) | Total labor variance | $ 16,236 | Unfavorable |
Labor price variance | $ 3,636 | Unfavorable | |
(AH x AR) - (AH x SR) = (12120 x $14.30) - (12120 x $14) = $3636 | |||
Labor quantity variance | $ 12,600 | Unfavorable | |
(AH x SR) - (SH x SR) = (12120 x $14) - (11220 x $14) = $12600 | |||
SH = 10200 suits x 1.10 hours = 11220 hours | |||
(b) | Total overhead variance | $ 12,248 | Unfavorable |
Actual overheads - Overheads applied = $86300 - $74052 = $12248 | |||
Actual overheads = $48800 + $37500 = $86300 | |||
Budgeted overheads = $6.60 x 11220 = $74052 |
Problem 24-03A a-b Your answer is partially correct. Try again Rudd Clothiers is a small company...
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...
FULL SCREtN PRINTER VERSION ㅖ BACK NEXT Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2017, 10,100 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 14,000 direct labor hours. All materials purchased were used. Standard (per unit) Actual Cost Element Direct materials Direct labor Overhead 9 yards at $4.00 per yard 1.10 hours at $14.00...
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...
Problem 23-3A Rudd Clothiers is a small company that manufactures talmen's suits. The company has used a standard cost accounting system. In May 2017, 10,500 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 Direct materiais Direct labor Overhead Standard (per unit) 7 yards at 54.00 per yard 1.10 hours at $13.00 per hour 1.10 hours at $6.40...
Rudd Clothiers is a small company that manufactures tall-men’s suits. The company has used a standard cost accounting system. In May 2020, 10,100 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 14,000 direct labor hours. All materials purchased were used. Cost Element Standard (per unit) Actual Direct materials 7 yards at $4.20 per yard $292,330 for 71,300 yards ($4.10 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 2020, 10,100 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 14,000 direct labor hours. All materials purchased were used. Cost Element Standard (per unit) Actual Direct materials 7 yards at $4.70 per yard $322,200 for 71,600 yards ($4.50 per yard) Direct labor 1.20 hours at $13.00 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...
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...
Question 8 View Policies Current Attempt in Progress Rudd Clothiers is a small company that manufactures tall-men's sults. The company has used a standard cost accounting system. In May 2020, 10,500 sults 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 Direct materials Direct labor Overhead Standard (per unit) Actual yards at $4.50 per yard $419,320 for 95,300...
Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2020, 10,200 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 13,770 direct labor hours. All materials purchased were used. Standard (per unit) Cost Element Actual $402,780 for 82,200 yards ($4.90 per yard) 8 yards at $5.00 per yard Direct materials 1.45 hours at $13.20 per hour $212,213...