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Eurrent Attempt in Progress Your answer is partially correct. Blossom Clothiers is a small company that manufactures tall - men's suits. The company has used
Eurrent Attempt in Progress
Your answer is partially correct.
Blossom Clothiers is a small company that manufactures tallmen's suits. The company has used a standard cost accounting system. In
May suits were produced. The following standard and actual cost data applied to the month of May when normal
capacity was direct labor hours. All materials purchased were used.
Cost Element
Direct
materials
Direct labor
Overhead
Standard per unit
yards at $ per yard
hours at $ per hour
hours at $ per hour fixed $; variable
$
Actual
$ for yards $ per yard
$ for hours $ per hour
$ fixed overhead $ variable
overhead
Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $ and budgeted
variable overhead was $
a
Compute the total, price, and quantity variances for materials and labor. Round per unit values to decimal places, eg and
final answers to decimal places, eg
Question of
a
Compute the total, price, and quantity variances for materials and labor. Round per unit values to decimal places, eg and
final answers to decimal places, eg
Total materials variance
$
Materials price variance
$
Materials quantity variance
$
$
Total labor variance
$
Labor price variance
$
Favorable
Favorable
Unfavorable
Unfavorable
Unfavorable
Unfavorable
b
Compute the total overhead variance. PLEASE HELP
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