Solution-Demonstrate the total materials variance

Demonstrate the total materials variance

Reference no: EM132667734

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 4.00 yards at $5.25 per yard
Direct labor of 2.00 hours at $17.00 per hour
Overhead applied per sleeping bag at $20.00

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 $18.50 per hour. The actual overhead spending was $96,200.

Problem 1: Demonstrate the total materials 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: EM132667734

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Demonstrate the total materials variance

Reference no: EM132667734

Reference no: EM132667734

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