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Question - The following information is available for Bridgeport Shirts:
Standard Quantity
Standard Cost
Total Standard Cost
Direct Materials
3 metres
$12/metre
$36
Direct Labour
2 hours
$10/hour
$20
Variable Overhead
2 machine hours
$2/machine hour
$4
Fixed Overhead
$1/machine hour
$2
$62
The normal production level is 260 shirts. This production period Bridgeport produced 240 shirts. Concert Wear purchased 780 metres of fabric for $8,580. The variances for the production period are:
Materials Price Variance ?
Materials Quantity Variance $288 U
Labour Rate Variance $456 U
Labour Efficiency Variance $240 F
VOH Spending Variance $129 F
VOH Efficiency Variance $100 F
FOH Budget Variance $90 F
FOH Volume Variance $40 U
Required - How many metres of fabric were used?
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