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I need all of the answers for the ones that are bolded pls :) Budgeting and Variance Analysis 8. Compute the cost of goods sold

I need all of the answers for the ones that are bolded pls :)

Budgeting and Variance Analysis 8. Compute the cost of goods sold budget and the selling and administration budget.

Skip to the end of 2023. At the end of 2023 the following actual quantities and costs were recorded: A total of 515,000 basic T-shirts and 110,000 premium T-shirts were produced and sold in 2023 at average selling prices of $8.15 and $19.25, respectively. A total of 2,250,000 feet of preshrunk cotton was purchased for the basic T-shirts at a cost of $1,597,500. A total of 520,000 feet of organic cotton was purchased for the premium T-shirts at a cost of $769,600. 2,065,150 feet of preshrunk cotton were used to produce the basic T-shirts, and 473,000 feet of organic cotton were used to create the premium T-shirts. 48,925 direct labor hours were traced to the basic T-shirts, and 28,050 direct labor hours were traced to the premium T-shirts. A total of $1,533,465 in wages was paid to the manufacturing workers (traced to basic $895,328 and premium $638,138 workers). Actual machine hours used in production were 9,785 for the basic T-shirts and 4,620 for the premium T-shirts. Further, for manufacturing operations overhead actual fixed costs were $485,000 and actual variable costs were $198,789. For machine setup overhead costs, actual fixed costs were $510,000 and actual variable costs were $212,468. Basic T-shirts were produced in batches of 1,060 T-shirts and used 4.9 setup hours per batch. Premium T-shirts were produced in batches of 176 and used 6.6 setup hours per batch.

9. a. Calculate the direct labor price variance, and the direct labor efficiency variance by product line. Also, for each MOH activity calculate the FMOH (spending and production volume) variances for the T- shirt division and the VMOH (spending and efficiency) variances by product line.

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