1.Please Complete Solution With Details 2.Final Answer Clearly Mentioned 3.Do not give solution in image format 11.43 Cost Variance Analysis The following information is available for ConcertWearShirts:Direct MaterialsDirect LabourVariable OverheadFixed OverheadStandard Quantity3 metres2 hours2 machine hours2 machine hoursStandard Cost Total Standard Cost$12.00/metre$36.00$10.00/hour$20.00$6.00$2.00$64.00$3.00/machine hour$1.00/machine hourThe normal production level is 300 shirts. This production period ConcertWear produced 280 shirts. ConcertWear purchased 900metres of fabric for $9,720. The variances for the production period are:Materials Price VarianceMaterials Quantity VarianceLabour Rate VarianceLabour Efficiency VarianceVOH Spending VarianceVOH Efficiency VarianceFOH Budget VarianceFOH Volume VarianceD. What was the actual variable overhead rate?E. How many machine hours were used?F. What was the master budget amount for fixed overhead??$ 336 U$ 532 U$ 280 F$98 F$ 210 F$ 110 F$ 40 UREQUIREDA. How many metres of fabric were used? (Hint: Metres used was not the same as the metres purchased.)B. What was the materials price variance?C. What was the actual direct labour rate?

Name: 1.Please Complete Solution With Details 2.Final Answer Clearly Menti
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: 1.Please Complete Solution With Details 2.Final Answer Clearly Mentioned 3.Do not give solution in image format 11.43 Cost Variance Analysis The following information is available for ConcertWearShirts:Direct MaterialsDirect LabourVariable Overhea