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Company manufactures coats with fur-lined hoods. The following information pertains to the standard costs of manufacturing the hood of one coat: Direct Material 1 yard
Company manufactures coats with fur-lined hoods. The following information pertains to the standard costs of manufacturing the hood of one coat: Direct Material 1 yard at $30 per yard Direct Labor 2 hours at $10 per hour Variable Overhead 112 hour at $2 per hour Fixed Overhead 1/2 hour at $3 per hour Other data: 1. Coats produced during June 10,000 2. 11,000 yards were purchased and used at $29 per yard. 3. Actual direct labor costs were $209,000 for 19,000 hours worked. 4. Normal capacity was 5,500 direct labor hours. 5. Actual variable overhead costs were $9,500. 6. Actual fixed overhead costs were $16,100. Instructions Compute the following variances for Barbara Company Computation Amount a. Total Materials b. Materials Price C. Materials Quantity Total Labor e. Labor Price f. Labor Quantity 9 Total Overhead h. Overhead Controllable i. Overhead Volume
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