Bramble Company has developed the following standard costs for its product for 2022: Product A Cost Component Direct materials Direct labor Manufacturing overhead ● Actual results for 2022 are as follows: . ● ♥ BRAMBLECOMPANY Standard Cost Card Standard Quantity 4 pounds 3 hours 3 hours O X Et = Standard Price The company expected to produce 32,500 units of Product A in 2022 using 97,500 direct labor hours. $3 ,C 8 4 C Standard Cost $12 24 12 33.510 units of Product A were produced. Actual direct labor costs were $807,700 for 98.500 direct labor hours worked. Actual direct materials purchased and used during the year cost $380.875 for 138.500 pounds. d Actual variable overhead Incurred was $169.000 and actual fixed overhead incurred was $221,000. Compute the following varlances showing all computations to support your answers. Indicate whether the variances are favor unfavorable. $48

Bramble Company has developed the following standard costs for its product for 2022: Product A Cost Component Direct materials Direct labor Manufacturing overhead ● Actual results for 2022 are as follows: . ● ♥ BRAMBLECOMPANY Standard Cost Card Standard Quantity 4 pounds 3 hours 3 hours O X Et = Standard Price The company expected to produce 32,500 units of Product A in 2022 using 97,500 direct labor hours. $3 ,C 8 4 C Standard Cost $12 24 12 33.510 units of Product A were produced. Actual direct labor costs were $807,700 for 98.500 direct labor hours worked. Actual direct materials purchased and used during the year cost $380.875 for 138.500 pounds. d Actual variable overhead Incurred was $169.000 and actual fixed overhead incurred was $221,000. Compute the following varlances showing all computations to support your answers. Indicate whether the variances are favor unfavorable. $48

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Description: Bramble Company has developed the following standard costs for its product for 2022:Product ACost ComponentDirect materialsDirect laborManufacturing overhead..Actual results for 2022 are as follows:.BRAMBLECOMPANYStandard Cost Card.Standard Quantity

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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