Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. rudd clothiers is a small company that manufacture

Rudd Clothiers is a small company that manufactures tall-men's suits. The company has used a...

90.2K

Verified Solution

Question

Accounting

image

Rudd 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 13,770 direct labor hours. All materials purchased were used. Standard (per unit) Cost Element Actual $402,780 for 82,200 yards ($4.90 per yard) 8 yards at $5.00 per yard Direct materials 1.45 hours at $13.20 per hour $212,213 for 15,490 hours ($13.70 per hour) Direct labor 1.45 hours at $5.70 per hour (fixed $3.70; variable $2.00) $48,200 fixed overhead $37,500 variable overhead Overhead Overhead is applied on the basis of direct labor hours. At normal capacity, budgeted fixed overhead costs were $50,949, and budgeted variable overhead was $27,540. Compute the overhead controllable variance and the overhead volume variance. $ Overhead controllable variance $ Overhead volume variance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A student is asked to determine how many different dyes a water-soluble food coloring contains. Which...

Chemistry
Q

Phasors w=5+2i, u=2-2i, are two complex numbers written in component form. a. Draw them in the imaginary plane. b....

Physics
Q

5. Jessica owns a small department store in a metropolitan area....

Accounting
Q

Lopez Company is considering replacing one of its old manufacturing machines. The old machine has...

Accounting
Q

Cardinal Company is considering a five-year project that would require a $2,805,000 investment in equipment...

Accounting
Q

Applying Integrated Excel: Perpetual: Inventory costing methods FIFO and LIFO Your Company reported the following...

Accounting
Q

following 18

Accounting
Q

On December 31, 2022, Fashion Nugget Company prepared an income statement and balance sheet and...

Accounting
Q

Rudy Co. has total fixed costs of $520,000. A unit of product sells for $15...

Accounting
Q

why should flexible spending account should be not be excluded from income gross? defend your...

Accounting
Q

As an American importer, you made a purchase from France. It is in the amount...

Finance
Q

Section A Removing several redundant words (10 marks) Each of the sentences below contains words...

Finance