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Current Attempt in Progress Bramble Corporation accumulates the following data relative to jobs started and finished during the month of June 2022. Fixed overhead rate
Current Attempt in Progress Bramble Corporation accumulates the following data relative to jobs started and finished during the month of June 2022. Fixed overhead rate per machine hour $1.50 Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The jobs were sold for $456,000. Selling and administrative expenses were $42,400. Assume that the amount of raw materials purchased equaled the amount used. (a) Compute all of the variances for (1) direct materials and (2) direct labor. (Round per unit values to 2 decimal places, e.g. 52.75 and final ancwore th 0 docimal nlanes o. 521 (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above. Prepare an income statement for management. (Ignore income taxes.) (Round per unit values to 2 decimal places, eg. 52.75 and final answers to 0 decimal places, eg. 52)
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