Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 24 (3.5 points) bowie sporting goods ma

Question 24 (3.5 points) Bowie Sporting Goods manufactures sleeping bags. The manufacturing standards...

60.1K

Verified Solution

Question

Accounting

Question 24 (3.5 points)

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 $5.00 per yard

Direct labor of 3.00 hours at $16.00 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 13,000 hours at an average rate of $16.50 per hour. The actual overhead spending was $96,200.

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.

Your Answer:

Question 24 options:

Answer

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1)The Ksp of nickel(II) hydroxide, Ni(OH)2, is 5.84 × 10-16. Calculate the solubility of this compound...

Chemistry
Q

Which angles are alternate exterior angles U R S T 0 Q ZQPN and ZOPN...

Geometry
Q

Fill in the missing values below one at a time to find the quotient when...

Basic Math
Q

12 A young woman works two jobs and receives tips for both jobs As a...

Statistics
Q

Compute R6 L6 and M3 to estimate the distance traveled over 0 3 if the...

Algebra
Q

Which of the following costs is a direct cost to a manufactured product? *wages of...

Accounting
Q

Sparrow Company uses the retail inventory method to estimate ending inventory and cost of goods...

Accounting
Q

Mackenzie is considering conducting her business, Mac561, as either a single-member LLC or an S...

Accounting
Q

If Allowance for Doubtful Accounts has a credit balance of $2,300 in the trial balance,...

Accounting
Q

Debra is helping her company consider a change in its CVP relationship to increase profitability....

Accounting
Q

Please help me with this question. Thank you so much! Suppose that you owned an...

Finance
Q

Barbara Ripley and Fred Nichols decided to organize the All-Star partnership Ripley invest 19,500 cash...

Accounting