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 64 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
Wow, this really help

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

J. M. W. Turner, Rain, Steam, and Speed—The Great Western Railway. J. M. W. Turner, Rain, Steam, and Speed—The Great Western Railway.
The Secular Trend in Menarche in Five Western Nations The Secular Trend in Menarche in Five Western Nations
Cumulative Standard Normal Distribution Cumulative Standard Normal Distribution
Western basin edges are dominated by warm poleward-directed currents (for example, Gulf Stream), ... Western basin edges are dominated by warm poleward-directed currents (for example, Gulf Stream), ...
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Video: Introduction to Pre-eclampsia

For a complete list of videos, visit our video library