Question

Dolles Clay, Inc., manufactures basic terra cotta planters. Its standard cost information for the past year follows:


Dolles Clay has the following actual results for the past year:
Number of units produced and sold ..... 675,000
Number of pounds of clay used ..... 1,305,000
Cost of clay purchased and used ..... $ 991,800
Number of labor hours worked ..... 337,500
Direct labor cost ............. $3,712,500
Variable overhead cost .......... $ 157,500
Fixed overhead cost ............ $ 505,000

Required:
Calculate the following for Dolles Clay:
1. Direct materials price, quantity, and spending variances.
2. Direct labor rate, efficiency, and spending variances.
3. Variable overhead rate, efficiency, and spendingvariances.


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  • CreatedFebruary 27, 2015
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