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 82 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
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 22,000 hats.
b. Actual direct materials purchased and used was 2.70 m2 per hat at an actual cost of $4.90 per
m2.
c. Actual direct labour usage of 45,500 hours cost $659,750.
d. Total actual overhead cost was $290,000.

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 lbcchick on Jan 5, 2020

ApricotDream

  • Sr. Member
  • ****
  • Posts: 336
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


lbcchick

  • Member
  • Posts: 550
Reply 2 on: Jan 5, 2020
Excellent

parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

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.

The skull of Sahelanthropus tchadensis is argued to be the earliest of the hominins and one of only The skull of Sahelanthropus tchadensis is argued to be the earliest of the hominins and one of only
J. M. W. Turner, Rain, Steam, and Speed—The Great Western Railway. J. M. W. Turner, Rain, Steam, and Speed—The Great Western Railway.
Standard Alcoholic Drink Sizes Standard Alcoholic Drink Sizes
Most air filter housings are located on the side of the engine compartment and use flexible rubber ... Most air filter housings are located on the side of the engine compartment and use flexible rubber ...
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
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 ...
Video: Bone cells and tissues - tissue composition and cells

For a complete list of videos, visit our video library