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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.
Granger Corporation had $204,000, The corporation's average collection period was closest to: (Round your intermediate calculations to 2 decimal places.)
Matrix human resources company, List the relevant costs of internally providing the service and externally purchasing them from the other organization.
33.which is least likely to be the reason for resistance to major changes in job content and procedures by people who have been doing the job with moderate success for many years
Variable overhead costs variance is $1,300 favorable. Variable overhead efficiency variance is $900 favorable. What is the total variable overhead variance?
Who owns a corporation? Describe the process whereby the owners control the firm's management. Describe the main reason why an agency relationship
he indirect materials totaled $7,000. The journal entry to record this requisition would include a debit to Manufacturing Overhead of
Madison Optometry, Compute the total advantage or disadvantage of using the new machine instead of the old machine over the next four years.
Assuming that the company produces 40,000 units; compute the unit cost for direct materials used and the unit cost of rent on the factory building.
Explain how the ratios are calculated and how the results impact the organization. In addition, explain how the organization is performing compared to the industry averages. Provide rationale using data from the exercises.
Company uses a process cost system. The company started march with 2,300 units in work in process-department A. During the month 4,000 units were started. At the end of the month there were 3,200 units in ending work in process-dept.
20% are collected in the month of sale; 50% are collected in the first month after sale, what were the firm's budgeted collections for December?
What are the two major factors in the authors' framework? How can the framework be used by managers as part of a comprehensive management accounting and control system?
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