Blue Clothiers is a small company that manufactures tallmen's suits. The company has used a standard cost accounting system. In May
suits were produced. The following standard and actual cost data applied to the month of May when normal capacity
was direct labor hours. All materials purchased were used.
Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $ and budgeted
variable overhead was $
a
Compute the total, price, and quantity variances for materials and labor. Round per unit values to decimal places, eg and
final answers to decimal places, eg
b
Compute the total overhead variance.
Total overhead variance $
