Question: Can someone help with 1-4? Xxx = 956 3. J.A. Bootery uses a standard costing system. The standard cost for producing each pair of boots
3. J.A. Bootery uses a standard costing system. The standard cost for producing each pair of boots is as follows Materials (1.5 yards S9.00 Direct labor (0.5 hours at $9) $13.50 4.50 During May, Bootery Company produced 7,000 pairs of boots. The material and labor costs incurred during May are S96,XXX and S26,XXX while the actual cost of material was $8.75 per yard. During May, there were 3,800 direct labor hours worked. Calculate all material and labor variances. 4.Taylor, Inc., has the following information for the two most recent years of operations Sales Units Price Materials cost Pounds of material required per unit Labor hours required per unit Wage rate per hour Budgeted Actual 33,XXX 40,000 $30.00 $33.00 $15.00 S18.00 1.00 2.00 9.00 $10.00 $2.55 (S5.00) S120,00O S125,000 0.75 1.80 ontribution Fixed costs in Determine the following . Selling price variance in sales dollars. 2. Flexible budget variance 3. Sales volume variance in contribution 4. Materials usage variance 5. Materials price variance 6. Labor usage variance. 7. Labor rate variance
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
