Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please fast Bellingham Company produces high quality curtains which it sells to luxury hotels. Bellingham has the following standards for one unit of its curtains;
please fast
Bellingham Company produces high quality curtains which it sells to luxury hotels. Bellingham has the following standards for one unit of its curtains; Standards per Curtain Direct Materials Direct Labor #4 square yards of cloth at $5.00 per yard #2 hours of direct labor at $20.00 per hour For the month of July Bellingham produced #2,000 curtains and incurred the following costs; Direct Materials - used #7,400 yards of cloth at a cost of $5.10 per yard. Direct Labor - incurred #3,600 direct labor hours at a rate of $19.60 per hour. Required: calculate the following variances for the month of July for Billingham Company: 1. Overall Direct Material Variance 2. Direct Material Price Variance 3. Direct Material Quantity Variance 4. Overall Direct Labor Variance 5. Direct Labor Rate Variance 6. Direct Labor Efficiency Variance Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started