User Account

All Pages

Compute labor rate variance for bowie sporting goods

Assignment Help Managerial Accounting
Reference no: EM132986969

Bowie Sporting Goods manufactures sleeping bags. The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per month, are as follows:

Direct material of 4.50 yards at $5.40 per yard
Direct labor of 2.50 hours at $19.00 per hour
Overhead applied per sleeping bag at $17.00

  • In the month of April, the company actually produced 5,200 sleeping bags using 27,300 yards of material at a cost of $5.90 per yard. The labor used was 11,700 hours at an average rate of $17.50 per hour. The actual overhead spending was $96,200.

Problem 1: Determine the labor rate variance and round to the nearest whole dollar.

Reference no: EM132986969

Questions Cloud

Determine amount of the loss that would reported as part : Determine the amount of this loss that would reported as part of other comprehensive income would be? This investment experienced an unrealized loss of $ 7500
Who makes the strategic decisions for most organizations : 1. Who makes the strategic decisions for most organizations? 2. Why is it important to view strategic management as a process?
Estimate the total materials variance : Estimate the total materials variance and round to the nearest whole dollar. The labor used was 11,700 hours at an average rate of $16.50 per hour.
Find what is materials price variance for lucy corporation : Original production had been budgeted for 22,000 units with a standard material quantity of 5.7 board. What The materials price variance is
Compute labor rate variance for bowie sporting goods : The labor used was 11,700 hours at an average rate of $17.50 per hour. The actual overhead spending was $96,200. Determine the labor rate variance
What elements of the macro-environment : What elements of the Macro-Environment will have the biggest in?uence on your Marketing Strategy? Why?
Do think only top managers should prepare company and why : Why, Do you think only top managers (CEO, President, etc.) should prepare the company budget, or do think all employees should have a say in the company budget?
Business functionality of an information system : Communicate the requirements for the business functionality of an information system in terms of data required, data storage and processing to technical
Explain which is not a component of a time value of money : Explain which is not a component of a time value of money calculation? The opportunity costs of the alternative actions./The required rate of return.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd