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CALCULATE INTERVEN BACK NERTE Question 1 Rudd Clothiers is a small company that manufactures tal-men's suits. The company has used a standard cost accounting tam. In May 2020, 10,606 wuts were produced. The following standard and cruscot pe to the man of May when normal capacity was 16,000 direct labor hours. All materials purchased were used Cost Element Standard (per unit) Actual Direct materials 10 yards at $4.90 per yard $501,020 for 106,600 (4.7 per yard) Direct labor 1.20 hours at $13.00 per hour 3182,500 for 13,620 hours (13.40 per hour Overhead 1.20 hours at 6.40 per hour (wed $3.60, variable 12.00) $41.200 fed overhead 536,500 Variable overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $7,000, and budgeted variable overheat was $44.000 (a) Compute the total, once, and quantity variances for (1) materia and (2) bor (Hound per unit values te 2 decimal places, s. 52.75 and final aware te decimal 82.) (1) Total materiais variance Material price variance Materiais quantity variance I (2) Total labor variance La privind Gabor BURY Varice CALCULATO Compute the total, price, and quantity variances for (1) materials and (2) labor. (Round per unit values to 2 decimal places, e.y. 52.75 and real answers to decimal places, e.g. 32.) (1) Total materiais variance $ Materials price variance $ Materials quantity variance (2) Total tabor variance v Labor price variance Labor quantity variance (6) Compute the total overhead variance. Total overhead variance CALCULATE INTERVEN BACK NERTE Question 1 Rudd Clothiers is a small company that manufactures tal-men's suits. The company has used a standard cost accounting tam. In May 2020, 10,606 wuts were produced. The following standard and cruscot pe to the man of May when normal capacity was 16,000 direct labor hours. All materials purchased were used Cost Element Standard (per unit) Actual Direct materials 10 yards at $4.90 per yard $501,020 for 106,600 (4.7 per yard) Direct labor 1.20 hours at $13.00 per hour 3182,500 for 13,620 hours (13.40 per hour Overhead 1.20 hours at 6.40 per hour (wed $3.60, variable 12.00) $41.200 fed overhead 536,500 Variable overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $7,000, and budgeted variable overheat was $44.000 (a) Compute the total, once, and quantity variances for (1) materia and (2) bor (Hound per unit values te 2 decimal places, s. 52.75 and final aware te decimal 82.) (1) Total materiais variance Material price variance Materiais quantity variance I (2) Total labor variance La privind Gabor BURY Varice CALCULATO Compute the total, price, and quantity variances for (1) materials and (2) labor. (Round per unit values to 2 decimal places, e.y. 52.75 and real answers to decimal places, e.g. 32.) (1) Total materiais variance $ Materials price variance $ Materials quantity variance (2) Total tabor variance v Labor price variance Labor quantity variance (6) Compute the total overhead variance. Total overhead variance

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