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

  How to determine lionel breakeven point in sales dollars

How Determine Lionel breakeven point (operating profit = 0) in sales dollars for the fiscal year ending June 30, 2019, if the company hires its own sales force

  What the operating income on wheels is?

What the operating income? (loss) on 500 wheels is?? Roller Corp sells wagon wheels for? $150. The variable costs for each wheel are? $85

  Fifo inventory costing method

A. Under the FIFO inventory costing Method and the perpetual inventory system, how much is Deadwood Trading's cost of goods sold for the sale on March 15?

  Marions production cost report

Marion Chemicals produces a chemical used as a base in paints. In the manufacturing process, all materials are added at the start of the process, whereas labor and overhead are added evenly throughout production.

  Journalize the adjusting entry for bad debts at december

Journalize the adjusting entry for bad debts at December 31, 2013 - Journalize the adjusting entry for bad debts at December 31, 2014, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of 51,700 and the aging schedu..

  Recalculate the projected manufacturing costs for job

Recalculate the projected manufacturing costs for job no. 110 using three separate rates: one rate for plantwide overhead and two separate department

  What is the npv profile and what are npv uses

What are the various methods for evaluating possible capital projects, in terms of their possible benefits to the firm? Describe the benefits and/or shortcoming

  Determine net contribution each of the three alternatives

Determine the net contribution each of the three alternatives, special machinery will add to Excellent Engineering Ltd's profit before tax.

  How should research and development costs be accounted for

How should research and development costs be accounted for? Must be capitalized when incurred and then amortized over their estimated useful lives.

  What is the company net income using the Variable Costing

Variable selling and administrative costs $22 per bike and Selling price $200 per bike. What is the company's net income using the Variable Costing method

  Applied management accounting research

HI5017 Managerial Accounting - Holmes Institute - prepare a report about your findings from the literature research, and discuss how it has helped

  Compute the net present values of each of the alternatives

Compute the net present values of each of the alternatives. Compute the internal rate of return for each of the alternatives. Which alternative, if either, should Nugget choose, and why?

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