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Question 14 of 19 Question 14 of 19 View Policies Current Attempt in Progress Kohler Clothiers manufactures womer{s business suits. The company uses a standard
Question 14 of 19
Question 14 of 19 View Policies Current Attempt in Progress Kohler Clothiers manufactures womer{s business suits. The company uses a standard cost accounting system. In March 2020. 14,300 suits were made. The fcllcwing standard and actual cost data applied to the month of March when normal capacity was 19.000 direct labour hours. All materials purchased were used in production: Element Direct materials Direct labour Overhead Standard (per unit) 6 m at 3680 per metre I hour at 311.30 per hour I hour at 39.15 per hour (fixed $6.05; variable 33.10) Actual $617,160 for83,400m ($7.40 per metre) 3147630 for 13,300 hours (SII_IO per hour) $100,000 fixed overhead 349,300 variable overhead Overhead is applied based on direct labour hours. At normal capacity, budgeted fixed overhead costs '.vere $114,950, and budgeted variable overhead costs were $58,900. (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
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