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 29 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
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 14,000 hats per month:

Direct materials (3.0 m2 × $6.00 per m2)$18.00
Direct labour (2 hours × $12 per hour) 24.00
Manufacturing overhead:
Variable (2 hours × $1.25 per hour)$2.50
Fixed (2 hours × $2.75 per hour) 5.50 8.00
Total cost per hat. $50.00

Data for January of the current year include the following:
a. Actual production was 13,600 hats.
b. Actual direct materials purchased and used was 2.70 m2 per hat at an actual cost of $6.30 per
m2.
c. Actual direct labour usage of 27,500 hours cost $385,000.
d. Total actual overhead cost was $110,500.

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 Chelseaamend on Jan 5, 2020

cassie_ragen

  • Sr. Member
  • ****
  • Posts: 347
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


Chelseaamend

  • Member
  • Posts: 545
Reply 2 on: Jan 5, 2020
Thanks for the timely response, appreciate it

blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

The Western Front, 1918 The Western Front, 1918
Summary of Standard Precautions Summary of Standard Precautions
A warning sticker on an E85 pump warning to only use this fuel in vehicles designated as flexible ... A warning sticker on an E85 pump warning to only use this fuel in vehicles designated as flexible ...
A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ... A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ...
Standard reduction potentials of the major respiratory electron carriers Standard reduction potentials of the major respiratory electron carriers
Western musical instruments. Western musical instruments.
Video: Conduction of action potentials

For a complete list of videos, visit our video library