The Longbottom's is a local clothing manufacturer that makes men's dress pants. Below is some actual...

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The Longbottom's is a local clothing manufacturer that makes men's dress pants. Below is some actual vs. budget information for The Longbottom's pants for the month of May. Assume no beginning/ending inventories for simplicity. The cost-allocation base for both variable and fixed overhead is direct labor-hours. Data for the Month of May Static (1 unit = 1 pair of pants) Actual Budget # Pairs pants made and sold 4,625 4,300 Selling price per pair $47 $49 Yards of fabric per pair 2.5 2.4 Cost per yard of fabric $4.67 $4.51 Time in hours to sew one pair 0.65 0.75 Cost of direct labor (per hour) $15 $16 Variable overhead costs $3,825 $3,200 (utilities, sewing machine maintenance, etc.) Civod overhead cocte $4.67 $4.51 Cost per yard of fabric 0.65 0.75 Time in hours to sew one pair Cost of direct labor (per hour) $15 $16 Variable overhead costs $3,825 $3,200 (utilities, sewing machine maintenance, etc.) Fixed overhead costs $9,000 $8,600 (store rent, insurance, etc.) What is the price variance for direct labor? $3.468.75 U O $3,468.75 F $3,006.25 F $3.006.25 U The Longbottom's is a local clothing manufacturer that makes men's dress pants. Below is some actual vs. budget information for The Longbottom's pants for the month of May. Assume no beginning/ending inventories for simplicity. The cost-allocation base for both variable and fixed overhead is direct labor-hours. Data for the Month of May Static (1 unit = 1 pair of pants) Actual Budget # Pairs pants made and sold 4,625 4,300 Selling price per pair $47 $49 Yards of fabric per pair 2.5 2.4 Cost per yard of fabric $4.67 $4.51 Time in hours to sew one pair 0.65 0.75 Cost of direct labor (per hour) $15 $16 Variable overhead costs $3,825 $3,200 (utilities, sewing machine maintenance, etc.) Civod overhead cocte $4.67 $4.51 Cost per yard of fabric 0.65 0.75 Time in hours to sew one pair Cost of direct labor (per hour) $15 $16 Variable overhead costs $3,825 $3,200 (utilities, sewing machine maintenance, etc.) Fixed overhead costs $9,000 $8,600 (store rent, insurance, etc.) What is the price variance for direct labor? $3.468.75 U O $3,468.75 F $3,006.25 F $3.006.25 U

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