Eurrent Attempt in Progress Your answer is partially correct. Blossom Clothiers is a small...

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Accounting

Eurrent Attempt in Progress
Your answer is partially correct.
Blossom Clothiers is a small company that manufactures tall-men's suits. The company has used a standard cost accounting system. In
May 2020,10,200 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.
Cost Element
Direct
materials
Direct labor
Overhead
Standard (per unit)
10 yards at $4.30 per yard
1.20 hours at $14.00 per hour
1.20 hours at $6.00 per hour (fixed $3.50; variable
$2.50
Actual
$426,620 for 102,800 yards ( $4.15 per yard)
$183,612 for 12,840 hours ( $14.30 per hour)
$48,800 fixed overhead $36,500 variable
overhead
Overhead 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, e.g.52.75 and
final answers to 0 decimal places, e.g.52.)
Question 6 of 6
(a)
Compute the total, price, and quantity variances for (1) materials and (2) labor. (Round per unit values to 2 decimal places, e.g.52.75 and
final answers to 0 decimal places, e.g.52.)
(1) Total materials variance
$
Materials price variance
$
Materials quantity variance
$
$
(2)
Total labor variance
$
Labor price variance
$
Favorable
Favorable
Unfavorable
Unfavorable
Unfavorable
Unfavorable
(b)
Compute the total overhead variance. PLEASE HELP
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