This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Brahma manufactures western hats. The company prepares flexible budgets and uses a standard cost ... (Read 63 times)

PhilipSeeMore

  • Hero Member
  • *****
  • Posts: 561
on: Jan 5, 2020
Brahma manufactures western hats. The company prepares flexible budgets and uses a standard cost system to control manufacturing costs. The following standard unit cost of a hat is based on the static budget volume of 20,000 hats per month:

Direct materials (2.5 m2 × $5.00 per m2)$12.00
Direct labour (2 hours × $15 per hour) 30.00
Manufacturing overhead:
Variable (2 hours × $2.50 per hour)$5.00
Fixed (2 hours × $3.75 per hour)7.50 12.50
Total cost per hat$54.50

Data for January of the current year include the following:
a. Actual production was 18,000 hats.
b. Actual direct materials purchased and used was 2.70 m2 per hat at an actual cost of $5.30 per
m2.
c. Actual direct labour usage of 38,500 hours cost $539,000.
d. Total actual overhead cost was $240,000.

Required:
1.Compute the price and efficiency variances for direct materials and direct labour.
2. For manufacturing overhead, compute the total variance, the flexible budget variance, and the
production volume variance.
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by PhilipSeeMore on Jan 5, 2020

patma1981

  • Sr. Member
  • ****
  • Posts: 292
Reply #1 on: Jan 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly


PhilipSeeMore

  • Member
  • Posts: 561
Reply 2 on: Jan 5, 2020
Thanks for the timely response, appreciate it

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Western rim of Endeavour Crater Western rim of Endeavour Crater
The Stillwater Mining Company The Stillwater Mining Company
The Western Front, 1918 The Western Front, 1918
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Enzyme structure - Properties of enzymes

For a complete list of videos, visit our video library