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could you finish the problem for me? Problem 6-32 Gerald/Brooke, Ltd. manufactures shirts, which it sells to customers for embroidering with various slogans and emblems.
could you finish the problem for me?
Problem 6-32 Gerald/Brooke, Ltd. manufactures shirts, which it sells to customers for embroidering with various slogans and emblems. The standard cost card for the shirts is as follows.Standard Price | Standard Quantity | Standard Cost | |
Direct materials | $1.6 per yard | 1.25 yards | $2 |
Direct labor | $12 per DLH | 0.25 DLH | 3 |
Variable overhead | $4 per DLH | 0.25 DLH | 1 |
Fixed overhead | $6 per DLH | 0.25 DLH | 1.5 |
$7.50 |
Variable Overhead Budget | |||
Annual Budget | Per Shirt | NovemberActual | |
Indirect material | $452,200 | $0.45 | $39,400 |
Indirect labor | 302,400 | 0.3 | 34,340 |
Equipment repair | 204,500 | 0.2 | 17,600 |
Equipment power | 54,800 | 0.05 | 15,000 |
Total | $1,013,900 | $1.00 | $106,340 |
Fixed Overhead Budget | ||
Annual Budget | NovemberActual | |
Supervisory salaries | $264,400 | $24,900 |
Insurance | 353,400 | 35,000 |
Property taxes | 84,400 | 8,300 |
Depreciation | 322,500 | 34,400 |
Utilities | 214,600 | 24,600 |
Quality inspection | 281,900 | 32,100 |
Total | $1,521,200 | $159,300 |
Direct material price variance | $ 17790 | FavorableUnfavorableNot Applicable513628500_0_569041246771031_dropdown_184_resp_1 |
Direct material quantity variance | $ 21760 | FavorableUnfavorableNot Applicable513628500_0_569041246771031_dropdown_189_resp_1 |
Direct labor rate variance | $ | Not ApplicableUnfavorableFavorable |
Direct labor efficiency variance | $ | Not ApplicableUnfavorableFavorable |
Variable overhead spending variance | $ | FavorableNot ApplicableUnfavorable |
Variable overhead efficiency variance | $ | UnfavourableNot ApplicableFavourable |
Fixed overhead spending variance | $ | UnfavorableFavorableNot Applicable |
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