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Question - Camping Out Co. manufactures down sleeping bags. Each sleeping bag requires 4 pounds of down and takes .3 hours of direct labor. The standard cost of the down used by Camping Out is $8 per pound and the standard labor cost is $10 per hour. In November, Camping Out purchased and used 15,000 pounds of down for $120,750. During the year, the company manufactured 4,000 sleeping bags. Payroll reported a total of 1,480 direct labor hours at a cost of $14,060.
Required -
a. Compute the materials price and quantity variances and indicate whether the variances are favorable or unfavorable.
b. Compute the labor price and quantity variances and indicate whether the variances are favorable or unfavorable.
MAA703 Accounting for Management. Identify the flaws associated with the current method of assigning shipping and warehousing costs to Tiger's products. Compute the shipping and warehousing cost per tonne of FK sold by using the new method suggested ..
What will be the affect on profit if lrv accepts the special order?
Halton Corp. purchased equipment by signing a 6-month, 4% note for $180,000. The December 31, 2020, Which adjusting entry required in connection with note is?
The company incurred a total of $17,080 in variable overhead costs. What is the standard labor-hours allowed (SH) to ship 145,000 items to customers
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