| Direct materials |
| 6 yards at $5.00 per yard |
| $312,825 for 64,500 yards ($4.85 per yard) |
| Direct labor |
| 1.20 hours at $13.00 per hour |
| $183,870 for 13,620 hours ($13.50 per hour) |
| Overhead |
| 1.20 hours at $6.90 per hour (fixed $4.00? variable $2.90) |
| $49,400 fixed overhead $36,500 variable overhead |
| Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $68,000, and budgeted variable |
| overhead was $49,300. |
| (a) |
| Compute the total, price, and quantity variances for (1) materials and (2) labor. (Round answers to 0 decimal places, e.g. 125.) |
| -1 |
| Total materials variance |
| -2 |
| Total labor variance |
| Labor price variance |
| Labor quantity variance |
| $ |
| $ |
| $ |
| Materials quantity variance |
| $ |
| Materials price variance |
| $ |
| $ |
| (b) |
| Compute the total overhead variance. |
| Total overhead variance |
| $ |
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| SUBMIT ANSWER |
| 01-Feb |
| 4/22/2016 |
| Problem 25-3A |
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| 02-Feb |
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