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Please state if the answer to each is favorable or unfavorable. C&R Clothing Company makes women's business suits. During the month of July, C&R made
Please state if the answer to each is favorable or unfavorable. C&R Clothing Company makes women's business suits. During the month of July, C&R made 6,000 suits. The following standard and actual cost data was gathered. Standard per unit Actual Direct Materials 10 yards at $4.50 per $268,400 for 61,000 yard yards Direct Labor 2 hours at $15.00 per $180,000 for 12,200 hour hours Indicate the following: AQ SQ AP SP bl,000 Given 60,000 16,000 suits x 10yds |$4.40/4ds $268, 400/61,000 yds $4.50/yds Given AH 12, 200 hrs Given 6,000 suts x 2 hus $14.75/hr $190,100D12/200 hrs Given SH 112,000 hr AR (SR $15/hr C&R Clothing Company (continued) Memorization Table Material Price Variance Material Quantity Variance Labor Price Variance Labor Quantity Variance 1. What is the materials price variance? 2. What is the materials quantity variance? 3. What is the total materials variance? 4. What is the labor price variance? C&R Clothing Company (continued) 5. What is the labor quantity variance? 6. What is the total labor variance
Please state if the answer to each is favorable or unfavorable.
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