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Question 11 of 16 - / 10 View Policies Current Attempt in Progress Kohler Clothiers manufactures women's business suits. The company uses a standard cost
Question 11 of 16 - / 10 View Policies Current Attempt in Progress Kohler Clothiers manufactures women's business suits. The company uses a standard cost accounting system. In March 2020, 14,800 suits were made. The following standard and actual cost data applied to the month of March when normal capacity was 22,500 direct labour hours. All materials purchased were used in production: Actual Cost Element Standard (per unit) Direct materials 7 mat $6.50 per metre $743.820 for 101.200 m m ($7.35 per metre) Direct labour 1 hour at $11.30 per hour $157,300 for 14.300 hours ($11.00 per hour) Overhead 1 hour at $8.80 per hour $126.000 fixed overhead (fixed $6.10; variable $2.70) $50,000 variable overhead Overhead is applied based on direct labour hours. At normal capacity, budgeted fixed overhead costs were $137.250, and budgeted variable overhead costs were $60.750. (a) Calculate the total, price, and quantity variances for materials and labour, and calculate the total, overhead, and volume variances for manufacturing overhead. Materials price variance $ Materials quantity variance $ Total materials variance $ Labour price variance $ Labour quantity variance $ Total labour variance $ Total overhead variance $ Overhead budget variance $ Overhead volume variance $ Save for Later Attempts: 0 of 1 used Submit
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