Compute the materials price variance and the materials

Reference no: EM13568575

Banner Company manufactures flags of various countries. Each flag has a standard of 8 square feet of fabric and 3 hours of direct labor time. Information about recent production activity follows: Actual cost of fabric: $4.50 per square foot Fabric consumed: 32,080 square feet Standard price per square foot of fabric: $4.25 Standard direct labor rate: $10.00 per hour Actual direct labor rate: $10.20 per hour Actual labor hours worked: 11,940 Actual production completed: 4,000 flags .Compute the materials price variance and the materials quantity variance.Compute the labor rate variance and the labor efficiency variance.

Reference no: EM13568575

Questions Cloud

Crane company division b recorded sales of 360000 variable : crane company division b recorded sales of 360000 variable cost of goods sold of 315000 variable selling expenses of

Two positions have normally been taken with respect to the : 1.two positions have normally been taken with respect to the recording of fixed manufacturing overhead as an element of

A 7 semiannual coupon and a par value of 1000 the going : yest corporations bonds have a 15-year maturity a 7 semiannual coupon and a par value of 1000. the going interest rate

Suppose a manager wants to borrow 50 million of a treasury : suppose a manager wants to borrow 50 million of a treasury security that it plans to purchase and hold for 20 days. the

Compute the materials price variance and the materials : banner company manufactures flags of various countries. each flag has a standard of 8 square feet of fabric and 3 hours

Two trustees of a pension fund are discussing repurchase : two trustees of a pension fund are discussing repurchase agreements. trustee a told trustee b that she feels it is a

Retained earnings 179000 suppose that the preferred stock : suppose a company had the following stock outstanding and retained earnings on december 31 2011. common stock par 7

Identify some instances under fasb 52 when a foreign : identify some instances under fasb 52 when a foreign entitys functional currency would be the same as the parent firms

Why do you think the sec requires that balance sheets : why do you think the sec requires that balance sheets provide two years of comparative financial information and income

User Account

All Pages