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Problem 25-3A Rudd Clothiors is a small company that manufactures tall-men's suits. The company has used a standard cost accounting systern. In May 2017, 10,100
Problem 25-3A Rudd Clothiors is a small company that manufactures tall-men's suits. The company has used a standard cost accounting systern. In May 2017, 10,100 suits were produced. The following standard and actual cost data applied to the month of May when noemal capacity was 14,000 direct labor hoursAll materials purchased were used Direct materials 7 yards at $4.70 per yard 1.20 hours at $13.00 per hour 1.20 hours at $6.40 per hour (d$3.90; variable $2.50) 322,200 for 71,600 yards ($4.50 per yard) 173,166 for 13,020 hours ($13.30 per hour) 49,400 xed overhead $37,500 variable overhead Overhead is applied on the basis of direct labor hours. At normal capacty, budgeted fixed overhead costs were $54,600, and budgeted variable overhead was $35,000 Compute the total, price, and quantity variances for (1) materials and (2) labor (Round answers to O decinal places,e.g. 125) (1) Tolal materials variance Materials price variance Materials quantity variance Total labor variance Labor price variance Labor quantity variance (2) Compute the total overhead variance. Total overhead variance
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