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Rudd Clothilers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2017, 10,100 suits were
Rudd Clothilers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2017, 10,100 suits were produced. The following standard and actual cost data appled to the month of May when normal capacty was 14,000 drect labor hours. All materials purchased were used. Standard (per unit) Direct materials 7yards at $4.20 per yard Direct labor Overhead 1.10 hours at $14.00 per hour 1.10 hours at $6.30 per hour (fixed $3.50 variable $2.80) $292,330 for 71,300 yards ($4.10 per yard) $167,453 for 11,710 hours ($14.30 per hour) $48,900 foxed overhead $37,500 variable overhead Overhead is appied on the basis of direct labor hours, At normal capacity, budgeted fixed overhead costs were $49,000, and budgeted variable overhead was $39,200. Compute the total, price, and quantity variances for (1) materials and (2) lsbor. (Round answers to 0 decimal places, e.g. 125.) (1) Total materials variance Materials price variance Materials quantity vaniance (2) Total labor variance Labor price variance Labor quantty variance Compute the total overhead variance Total overhead vanance
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