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Find the Total Spending Variance, Direct Material variance, Direct Labor Variances, and Variable O/H Variance Analysis Insert a formula into each cell containing a ?.

image text in transcribed Find the Total Spending Variance, Direct Material variance, Direct Labor Variances, and Variable O/H

Variance Analysis Insert a formula into each cell containing a ?. Chatham Company produces a beach towel and incurs the following variable manufacturing costs: Std Qty Std Price/Rate Direct material (cloth) Direct labor Variable O/H (based on direct labor hours) 3 yds 0.75 hours 0.75 hours $ $ $ 1.80 per yd 12.00 per hour 4.00 per hour Standard Cost per Unit: Std Cost per towel Direct Material 5 Direct Labor 5 Variable O/H - Total Std Cost per Unit Chatham incurred the following variable manufacturing costs in April: Units produced 600 Actual Cost 5 Direct materials Direct labor Variable O/H Total Actual cost Actual Qty 1920 440 440 yds hours hours Actual Price/Rate $1.40 per yd $11.60 per hour $4.90 per hour 5 5

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