Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bramble clothiers is a small company that manufact

Bramble Clothiers is a small company that manufactures tall-men's suits. The company has used a...

70.2K

Verified Solution

Question

Accounting

image
Bramble Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In May 2022,10,200 suits were produced. The following standard and actual cost data applied to the month of May, when normal capacity was 16,500 direct labor hours. All materials purchased were used. Owerhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $57,750, and budgeted variable overhead was $41,250. (a) Compute the total, price, and quantity variances for (1) materials and (2) labor. (Round per unit values to 2 decimal places, es 5275 and final answers to 0 decimal ploces, es. 52.) (b) Compute the total overhesd variance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

33 497 You have 427 in your bank account and need to pay some bills...

Basic Math
1.2K views

Express ?-64-?-49 as a complex number in standard form:?64-?? 49 =Question Heln:

Algebra
1.2K views

Which of the following graphs shows a parabola with a vertex of 2 9 and...

Accounting
1.2K views

Tremblay Corporation reports the following inventory activity for the current year: Beginning inventory 1,800...

Accounting
1.2K views

Ely Co. bought a patent from Baden Corp. on January 1, 2018, for $900,000. An...

Accounting
1.2K views

During the current year, Austin Company, (a) issues 8,000 shares of $50 per value preferred...

Accounting
1.2K views

National Supplys shareholders equity included the following accounts at December 31, 2023: Shareholders'...

Accounting
1.2K views

compare and contrast how corporations and partnerships handle TAXES and BANKRUPTCY

Accounting
1.2K views

Do research about Hedge Accounting & Derivatives. what are the international standards used...

Accounting
1.2K views

A disadvantage of using standard costs is: Group of answer choices workers may try to...

Accounting
1.2K views

Phoenix Companys 2015 master budget included the following fixed budget report. It is based on...

Finance
1.2K views

1. What is the value of the bond if the bond is 7% bond, 10...