Solution-Demonstrate the labor rate variance for bowie

Demonstrate the labor rate variance for bowie sporting

Assignment Help Cost Accounting

Reference no: EM132667737

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 6.00 yards at $5.25 per yard
Direct labor of 2.50 hours at $20.00 per hour
Overhead applied per sleeping bag at $15.00

In the month of April, the company actually produced 5,200 sleeping bags using 27,300 yards of material at a cost of $5.30 per yard. The labor used was 11,700 hours at an average rate of $20.50 per hour. The actual overhead spending was $96,200.

Problem 1: Demonstrate the labor rate variance and round to the nearest whole dollar. Enter a favorable variance as a negative number. Enter an unfavorable variance as a positive number.

Reference no: EM132667737

Questions Cloud

Explain how a firm is able to deal with both types of costs : You will be evaluating each of the questions as you will need to make sure to use relevant economic terms and content development in your work.

Demonstrate the cost per equivalent unit for materials : Demonstrate the cost per equivalent unit for materials and for conversion that Intense Company will use to assign costs to units of production.

Estimate the free cash flow to the firm in 2013 : Estimate the value of the firm at the end of 2013 assuming that the long-term growth rate is equal to 6.5%.

What is the slope of the budget constraint : Draw Zainab's budget constraint with pies on the horizontal axis and magazines on the vertical axis. What is the slope of the budget constraint?

Demonstrate the labor rate variance for bowie sporting : Bowie Sporting, Demonstrate the labor rate variance and round to the nearest whole dollar. Enter a favorable variance as a negative number.

What is the size of the equal payments : You also agree to make two equal payments 3 and 5 months after the partial payment. What is the size of the equal payments? Use a focal date of 8 months.

Why housing prices rising less rapidly than previously : Why housing prices rising less rapidly than previously? Draw a supply/demand graph to explain your answer.

Demonstrate the total materials variance : Demonstrate the total materials variance and round to the nearest whole dollar. Enter a favorable variance as a negative number.

Define importance of opportunity costs to decision-making : Explain the importance of opportunity costs to decision-making and how opportunity costs lead to trade. Evaluate how better business decisions can benefit not.

User Account

All Pages

Demonstrate the labor rate variance for bowie sporting

Reference no: EM132667737

Reference no: EM132667737

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT