Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please do all of the requirements. Brookman Company manufactures shirts. During June, Brookman made 1,400 shirts and gathered the following additional data: (Click on the

image text in transcribed Please do all of the requirements.

Brookman Company manufactures shirts. During June, Brookman made 1,400 shirts and gathered the following additional data: (Click on the icon to view the data.) Read the requirements. 7. Calculate the direct materials cost variance. Select the formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable (F) or unfavorable (U). * - Direct Materials Cost Variance Actual Cost 24174 - . Standard Cost 15 ) ) Actual Quantity 2,370 ( Data Table i Requirements Calculate the following variances: 7. Direct materials cost variance 8. Direct materials efficiency variance 9. Total direct materials variance 10. Direct labor cost variance 11. Direct labor efficiency variance 12. Total direct labor variance Direct materials cost standard Direct materials efficiency standard Actual amount of fabric purchased and used Actual cost of fabric purchased and used Direct labor cost standard Direct labor efficiency standard Actual amount of direct labor hours Actual cost of direct labor $10.00 per yard of fabric 1.80 yards per shirt 2,370 yards $24,174 $15.00 per DLHO 7.00 DLHr per shirt 9,910 DLHO $146,668 Print Done Print Done Choose from any list or enter any number in the input fields and then click Check

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

Step: 3

blur-text-image

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

The UCAS Guide To Getting Into Economics Finance And Accountancy At University

Authors: Ucas, Targetjobs.Co.UK

1st Edition

9781908077172

More Books

Students also viewed these Accounting questions