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I only need part P23-3A answered and only part a (a) Compute all of the variances for (1) direct materials and (2) direct labor. (b)

I only need part P23-3A answered and only part a image text in transcribed
(a) Compute all of the variances for (1) direct materials and (2) direct labor. (b) Compute the total overhead variance. (c) prepare an income statement for management. (Ignore income taxes.) Hopkins Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2014, 11, 200 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 14,000 direct labor hours. All materials purchased were used. Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $49,000, and budgeted variable overhead was $36, 400. (a) Compute the total, price, and quantity variances for (1) materials and (2) labor. (b) Compute the total overhead variance. (c) Which of the materials and labor variances should be investigated if management considers a variance of more than 4% from standard to be significant? Kansas Company uses a standard cost accounting system. In 2014, the company produced 28,000 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50,000 direct labor the year, 117,000 pounds of raw materials were purchased at during the year

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