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Question - 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 $5.50 per yard
Direct labor of 2.00 hours at $18.00 per hour
Overhead applied per sleeping bag at $18.00
In the month of April, the company actually produced 4,900 sleeping bags using 24,800 yards of material at a cost of $5.30 per yard. The labor used was 11,500 hours at an average rate of $18.50 per hour. The actual overhead spending was $96,200.
Determine the materials price variance and round to the nearest whole dollar. Is the material price variance favorable or unfavorable?
ACC00724 Accounting for Managers Assignment Help and Solution, Southern Cross University - Assessment Writing Service - Calculate appropriate liquidity
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