Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bowie sporting goods manufactures sleeping bags. t

Bowie Sporting Goods manufactures sleeping bags. The manufacturing standards per sleeping bag, based on 5,000 sleeping bags...

Free

90.2K

Verified Solution

Question

Accounting

Bowie Sporting Goods manufactures sleeping bags. Themanufacturing standards per sleeping bag, based on 5,000 sleepingbags per month, are as follows:

Direct material of 4.00 yards at $5.00 per yard

Direct labor of 3.00 hours at $19.00 per hour

Overhead applied per sleeping bag at $18

In the month of April, the company actually produced 5,100sleeping bags using 26,800 yards of material at a cost of $5.50 peryard. The labor used was 12,250 hours at an average rate of $20.50per hour. The actual overhead spending was $96,200. Determine thelabor quantity variance and round to the nearest whole dollar.Enter a favorable variance as a negative number. Enter anunfavorable variance as a positive number.

Answer & Explanation Solved by verified expert
4.5 Ratings (814 Votes)

labor quantity variance is $57,950F
Standard Actual
Particulars Hours Rate amount Hours Rate amount
Labour                15,300.00          19.0000           290,700.00             12,250.00                     20.50           251,125.00
Actual output                  5,100.00
Labour hrs reqd (5100*3)                15,300.00
DLQV = (SH-AH)SR
DLQV = (15,300 - 12,250)19
DLQV = 57,950 F

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

General Management
1.2K views

This week's chapter discusses reviewing your risk assessment, analyzing counter measures, preparing a cost benefit analysis, implementing...

Finance
1.2K views

Your 21 year old client just graduated from college and started a job with monthly salary...

Biology
1.2K views

Which of the following would you anticipate seeing in a patient who suffers from allergies?...

Basic Math
1.2K views

dath 1111 Te wh Question 19 1 point Analyze the graph of the function R...

Calculus
1.2K views

Find the integral given below Check your answer by differentiation e 14e 148 e e...

Algebra
1.2K views

Determine without graphing whether the given quadratic function has a maximum value or a minimum...

Accounting
1.2K views

Exercise 13-3(Algo) Sourcing Decisions [LO13-3] Troy Engines, Limited, manufactures a variety of...

Accounting
1.2K views

Please answer question 13 Comprehensive Problem 8-1 Sherry Hopson owns a retail family clothing store....

Accounting
1.2K views

Lease conversion from operating to corporation A company has borrowing cost of about 4% in...

Accounting
1.2K views

Question 5 (1 point) Calculate the total cost for job number 51 from the following:...

Accounting
1.2K views

discuss why you think the business failed and what could have been done differently to...

Finance
1.2K views

Amber is considering the purchase of 100 shares of common stock which are currently selling...