Solution-Determine the labor quantity variance

Determine the labor quantity variance

Assignment Help Managerial Accounting

Reference no: EM132514980

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 4.50 yards at $5.00 per yard

Direct labor of 2.00 hours at $19.00 per hour

Overhead applied per sleeping bag at $18

In the month of April, the company actually produced 5,100 sleeping bags using 26,800 yards of material at a cost of $5.70 per yard. The labor used was 11,750 hours at an average rate of $20.50 per hour. The actual overhead spending was $96,200.

Question 1: Determine the labor quantity 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: EM132514980

Questions Cloud

What effect would accepting order have on the company : What effect would accepting this order have on the company's operating income if a special price of $349.95 is offered per bangle for this order?

Create schedule of cost of goods manufacture for november : Is an income statement for November possible, and how would make it if so? How can create schedule of cost of goods manufactured for November?

Regression model for company revenue : Suppose that we build a multiple linear regression model for company revenue (in millions of dollars), with predictors R&D spending

BUS504 Marketing Management Assignment : BUS504 Marketing Management Assignment Help and Solution - Describe how Uber's business model works and the role technology has played in its success

Determine the labor quantity variance : Determine the labor quantity variance and round to the nearest whole dollar. Enter a favorable variance as a negative number.

Which primary groups have affect your socialization process : In sociology, we can examine groups of people and their ways of interacting to learn more about how we share identity with others. Different types of groups.

What was overhead applied to the job during july : Assuming that overhead is applied on the basis of direct labor cost, what is the overhead rate for the company? Round your answer to the nearest whole percent?

What does a favourable labor efficiency variance mean : What does a favourable labor efficiency variance mean? What does an unfavourable overhead volume variance mean? What does an unfavourable overhead volume?

What are the six planning tools and techniques : What are the six planning tools and techniques? Using an example from your experience (as a student or at work), describe how you could use one of the technique

User Account

All Pages

Determine the labor quantity variance

Reference no: EM132514980

Reference no: EM132514980

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT