1. Hassan, Inc., is a privately held dresses manufacturer. For Dec. 2021, Hassan had the following standards for one of its products, a princess dress: Cost Items Direct materials Direct manufacturing labor Standards per Chair 6 square yards of input at $50 per square yard 5 hours of input at $20 per hour The following data were compiled regarding actual performance: actual output units (Dresses) produced, 4,000 units, square yards of input purchased and used, 24,400, Price per square yard, $49.50. Direct manufacturing labor costs, $370,500; actual hours of input, 19,000. Required: What is the TOTAL variances for direct materials. O a- 2800 $ F Ob- 7800 $ U Oc- 7200 $ F Od- 5200 $ U Activa
1. Hassan, Inc., is a privately held dresses manufacturer. For Dec. 2021, Hassan had the following standards for one of its products, a princess dress: Cost Items Direct materials Direct manufacturing labor Standards per Chair 6 square yards of input at $50 per square yard 5 hours of input at $20 per hour The following data were compiled regarding actual performance: actual output units (Dresses) produced, 4,000 units, square yards of input purchased and used, 24,400, Price per square yard, $49.50. Direct manufacturing labor costs, $370,500; actual hours of input, 19,000. Required: What is the TOTAL variances for direct materials. O a- 2800 $ F Ob- 7800 $ U Oc- 7200 $ F Od- 5200 $ U Activa
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:1. Hassan, Inc., is a privately held dresses manufacturer. For Dec. 2021, Hassan had
the following standards for one of its products, a princess dress:
Cost Items
Direct materials
Direct manufacturing labor
Standards per Chair
6 square yards of input at $50 per
square yard
5 hours of input at $20 per hour
The following data were compiled regarding actual performance: actual output units
(Dresses) produced, 4,000 units, square yards of input purchased and used, 24,400,
Price per square yard, $49.50. Direct manufacturing labor costs, $370,500; actual hours
of input, 19,000.
Required:
What is the TOTAL variances for direct materials.
O a- 2800 $ F
Ob- 7800 $ U
Oc- 7200 $ F
Od- 5200 $ U
Activa
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