Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need some help Bramble Corp. supplies its customers with high-quality canvas tents. These canvas tents sell for $170 each, with the following DMand DL usage

need some help image text in transcribed
image text in transcribed
Bramble Corp. supplies its customers with high-quality canvas tents. These canvas tents sell for $170 each, with the following DMand DL usage and price expectations. Direct materials 11 square yards perunit $6/ squareyard Direct labor 1.3 DLhours per unit @ \$18/DL hour Throughout the year, Bramble used 34,770 square yards of fabric in the process of making 3,050 tents. The company had originally planned to produce and sell 2,750 tents, In keeping with its desire to hold some DM inventory at year-end, it purchased 36,670 square yards of canvas at $6.20 per square yard, Bramble's DL cost totaled $73,606 for the 3,874 hours that were actually used. (a) Determine Bramble's DM and DL price and efficiency variances; specify the amount and sign for all. Bramble Corp. supplies its customers with high-quality canvas tents. These canvas tents sell for $170 each, with the following DM and DL usage and price expectations. Throughout the year, Bramble used 34,770 square yards of fabric in the process of making 3,050 tents. The company had originally planned to produce and sell 2,750 tents. In keeping with its desire to hold some DM Inventory at year end, it purchased 36,670 square yards of canvas at $6.20 per square yard. Bramble's DL cost totaled $73.606 for the 3,874 hours that were actually used. (a) Determine Bramble's DM and DL price and efficiency variances; specify the amount and sign for all

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For Management

Authors: N Ramachandran

3rd Edition

1259004694, 978-1259004698

More Books

Students also viewed these Accounting questions