Question
Last year, Bandana Corporation budgeted for production and sales of 11,000 bandanas. The company produced and sold 10,500 bandanas. Each bandana had a standard requiring
Last year, Bandana Corporation budgeted for production and sales of 11,000 bandanas. The company produced and sold 10,500 bandanas. Each bandana had a standard requiring 2 feet of material at a budgeted cost of $1.50 per foot and 30 minutes of sewing time at a cost of $.30 per minute. The bandanas sell for $14.75. Actual costs for the production of 10,500 bandanas were $33,880 for materials (22,000 feet at $1.54 per foot) and $92,800 for labor (320,000 minutes at $.29 per minute). 38.What was Bandanas sales volume variance?A.$1,695B.$1,345C.$1,375D.$1,59539.What was Bandanas direct material price variance?A.$1,500 favorableB.$1,500 unfavorableC.$880 favorableD.$880 unfavorable
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