Data for the Month of May #Skirts made and sold Selling price per skirt Yards of...
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Data for the Month of May #Skirts made and sold Selling price per skirt Yards of fabric per skirt Cost per yard of fabric Time in hours to sew one skirt Cost of direct labor (per hour) Variable overhead costs (utilities, sewing machine maintenance, etc.) Fixed overhead costs (store rent, insurance, etc.) What is the flexible budget variance for direct materials? Static Actual Budget 1,250 1,200 $29 $30 1.9 1.82 $2.95 $2.88 0.5 0.6 $15 $14 $3,825 $3,200 $4,650 $4,800 Data for the Month of May #Skirts made and sold Selling price per skirt Yards of fabric per skirt Cost per yard of fabric Time in hours to sew one skirt Cost of direct labor (per hour) Variable overhead costs (utilities, sewing machine maintenance, etc.) Fixed overhead costs (store rent, insurance, etc.) What is the flexible budget variance for direct materials? Static Actual Budget 1,250 1,200 $29 $30 1.9 1.82 $2.95 $2.88 0.5 0.6 $15 $14 $3,825 $3,200 $4,650 $4,800
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