Reference no: EM131018935
P11-3A Kohler Clothiers manufactures women's business suits. The company uses a standard cost accounting system. In March 2005, 11,800 suits were made. The following standard and actual cost data applied to the month of March when normal capacity was 15,000 direct labor hours. All materials purchased were used in production.
| Cost element |
Standard(per unit) |
Actual |
| Direct materials |
5 yards at $7.00 per yard |
$410,400 for 57,000 yards($8.20 per yard) |
| Direct labor |
1.0 hours at $12.00 per hour |
$125,440 for 11,200 hours ($11.20 per hour) |
| Overhead |
1.0 hours at $9.30 per hour (fixed $6.30; variable $3.00) |
$42,000 variable overhead |
Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $94,500, and budgeted variable overhead costs were $45,000.
Instructions
(a) Compute the total, price, and quantity variances for
(1) materials and
(2) labor, and
(3) the total, controllable, and volume variances for manufacturing overhead.
(b) Which of the materials and labor variances should be investigated if management considers a variance of more than 6% from standard to be significant? Discuss the potential causes of this variance.
|
What company or career path are you targeting
: What is Computer Science? What does a computer scientist do and what career paths are available to him/her? If this is your major, what company or career path are you targeting?
|
|
What agencies or resources will be helpful to you
: What kind of legal provisions will need to be made when you and your spouse are either deceased or too old to care for the child?
|
|
Performance management communication at accounting
: Based on Case Study 7-1: Implementing a Performance Management Communication at Accounting, Inc. on page 192 of the textbook, answer the following questions:
|
|
Write an essay about the artist winslow homer
: Write an essay ( MLA format ) 3-4 pages about the artist Winslow Homer, and I need to do a presentation about him.
|
|
Discuss the potential causes of this variance
: Which of the materials and labor variances should be investigated if management considers a variance of more than 6% from standard to be significant? Discuss the potential causes of this variance.
|
|
Comprehensive analysys of the cases
: You should provide a comprehensive analysys of the cases and the tata Groups of strategy use publictly available data (financial statements, press publication ets) to support your reasoning. The analysys should be between 7 and 10 long pages . 12 ..
|
|
What was the apparent motivation of the attacker
: Who was the victim of the attack? Who was the attacker, if known? What did the attacker do to the victim? What was the apparent motivation of the attacker?
|
|
What is the market equilibrium price and quantity
: Consider the market for pineapples in a small island nation. The domestic demand curve (in Island Dollars) is P = 60 - 3QD and the domestic supply curve is P = 10 + 2QS. What is the market equilibrium price and quantity
|
|
Is there a better way of reporting this revenue
: Explain how the revenue from medical (pharmacy) supplies is currently handled for profit and loss reporting purposes. Is there a problem with the current system? Is there a better way of reporting this revenue? If so, what is it?
|