What the total materials variance

Assignment Help Accounting Basics
Reference no: EM132714739

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 5.50 yards at $5.50 per yard

Direct labor of 3.00 hours at $18.00 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 $5.10 per yard. The labor used was 11,700 hours at an average rate of $17.50 per hour. The actual overhead spending was $96,200.

What 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: EM132714739

Questions Cloud

Calculate the cost per coffee table for job : Direct materials used $22 800 Direct labour hours worked 600 Direct labour rate per hour $16.00. Calculate the cost per coffee table for Job No. X10
Prepare the consolidation worksheet adjustment entries : On 1 May 20X1, R Ltd sold inventory costing $200 to Q Ltd for $400 on credit. Prepare the consolidation worksheet adjustment entries for these transactions
What is breakeven point in sales and units for each filter : PWP sells 3 OnFaucet filters for every 7 InPitchers sold. Fixed costs total $1,772,500. What is the breakeven point in sales and units for each filter
What is the operating income : If the sales mix is maintained, what is the total contribution margin when 200,000 units are sold? What is the operating income
What the total materials variance : The labor used was 11,700 hours at an average rate of $17.50 per hour. What the total materials variance and round to the nearest whole dollar
Calculate the present value of lease liability amount : Annual payment of $40,000 to be paid on 30 June 2020, 30 June 2021 and 30 June 2022. Calculate the present value of lease liability amount as at 1 July 2019
Compute the amount of applied factory overhead : The following information was taken from the records of PARIS Manufacturing Company: Compute the amount of applied factory overhead
Research apple home pod : Research Apple Home Pod. How does it interact with smart home devices? Alexa is now connected to smart home devices such as thermostats and microwaves.
Find projected ending balance of cash on hand for January : These amounted to $42,000 in December and $68,000 in January. Use this information to find the projected ending balance of cash on hand for January

Reviews

Write a Review

Accounting Basics Questions & Answers

  Show the effect of the above transactions on the financial

show the effect of the above transactions on the financial statements by recording the appropriate amounts in a

  Examine the taxation of estates in home state

From an estate tax planning perspective, which state has more favorable tax laws? For example, do the states have an estate tax and/or an inheritance tax?

  Felon company expects a total of 20000 sales in june of

felon company expects a total of 20000 sales in june. of these credit sales are expected to be 12000. collections are

  Write essay on the term structure of fixed income securities

In addition to solving the problem, write a one-page essay on the term structure of fixed income securities. Format your essay per APA style guidelines.

  The management of mecca copy a photocopying center located

the management of mecca copy a photocopying center located on university avenue has compiled the following data to use

  What is the contribution margin per phone

Buchanan Singular sells phones for $150. The unit variable cost per phone is $35. What is the contribution margin per phone

  Expenses incurred in applying for the cfo chief financial

comment on the deductibility of each of the following itemsa. gambling losses in excess of gambling gains. taxpayer is

  Which of given statements are true of long-term investments

Which of the following statements are true of long-term investments?

  Calculate the contribution margin ratio

Montreal Seating Co., a manufacturer of chairs, had the following data for 2020: Sales 3,000 units. Calculate the contribution margin ratio

  How does the result change

How does this result change if XYZ only has $50 of current earnings and profits and $100 of accumulated earnings and profits?

  Amount of amortization to pension expense

The average remaining service period for employees expected to receive benefits is ten years. What is the amount of amortization to pension expense for year?

  If total liabilities decreased by 25000 and stockholders

if total liabilities decreased by 25000 and stockholders equity increased by 5000 during a period of time then total

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd