1. What is the standard cost of a single backpack? 2. What was the actual cost per backpack produced during March? 3. How many yards of material are required at standard per backpack? 4. What was the materials price variance for March if there were no beg
Highland Company produces a lightweight backpack that is popular with college students.
Standard variable costs relating to a single backpack are given below:
Overhead is applied to production on the basis of direct labor-hours. During March, 1,000 backpacks were manufactured and sold. Selected information relating to the month’s production is given below:
The following additional information is available for March’s production:
Homework Answers
Request Answer!
We need at least 9 more requests to produce the answer.
1 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
1. What is the standard cost of a single backpack? 2. What was the actual cost per backpack produced during March? 3. How many yards of material are required at standard per backpack? 4. What was the materials price variance for March if there were no beg
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating...
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: Standard Quantityor HoursStandard Priceor RateStandardCostDirect materials?$6per yard$?Direct labor???Variable manufacturing overhead?$3per direct labor-hour?Total standard cost per unit$? Overhead is applied to production on the basis of direct labor-hours. During March, 1,000 backpacks were manufactured and sold. Selected information relating to the month’s production is given below: MaterialsUsedDirect LaborVariableManufacturingOverheadTotal standard cost allowed*$16,800$21,000$4,200Actual costs incurred$15,000?$3,600Materials price variance?Materials quantity variance$1,200ULabor rate variance?Labor efficiency variance?Variable...
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating...
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: Standard Qtity Standard Price Standard or Rate $4.00 per yard or Hours Cost S? Direct materials Direct labor Variable manufacturing overhead $2 per direct labor-hour Total standard cost Overhead is applied to production on the basis of direct labor-hours. During March, 490 backpacks were manufactured and sold. Selected information relating to the month's production is given below:...
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating...
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials ? $ 4.00 per yard $ ? Direct labor ? ? ? Variable manufacturing overhead ? $ 2 per direct labor-hour ? Total standard cost per unit $ ? Overhead is applied to production on the basis of direct labor-hours. During March, 700 backpacks were...
Problem 10-16 Comprehensive Variance Analysis Lo10-1, LO10-2, LO10-3] Highland Company produces a...
Problem 10-16 Comprehensive Variance Analysis Lo10-1, LO10-2, LO10-3] Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials $6.00 per yard Direct labor Variable manufacturing overhead Total standard cost per unit per direct labor- $2 hour S ? Overhead is applied to production on the basis of direct labor-hours. During March, 520 backpacks were manufactured...
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating...
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below:Standard Quantity or HoursStandard Price or RateStandard CostDirect materials?$6.00 per yard$?Direct labor???Variable manufacturing overhead?$2 per direct labor-hour?Total standard cost$?Overhead is applied to production on the basis of direct labor-hours. During March, 530 backpacks were manufactured and sold. Selected information relating to the month's production is given below: Materials UsedDirect LaborVariable Manufacturing OverheadTotal standard cost allowed ^(**)$15,900$7,420$1,484Actual costs incurred$13,750?$1,708Materials price variance?Materials...
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating...
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials ? $ 5.00 per yard $ ? Direct labor ? ? ? Variable manufacturing overhead ? $ 2 per direct labor-hour ? Total standard cost per unit $ ? Overhead is applied to production on the basis of direct labor-hours. During March, 440 backpacks were...
Problem 10-16 Comprehensive Variance Analysis (LO10-1, LO10-2, LO10-3] Highland Company produces a lightweight backpack...
Problem 10-16 Comprehensive Variance Analysis (LO10-1, LO10-2, LO10-3] Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: Standard Quantity or Hours Standard Price or Rate $6.00 per yard Standard Cost Direct materials Direct labor ? per direct labor 2 hour nin. nn. $ Variable manufacturing overhead Total standard cost per unit Overhead is applied to production on the basis of direct labor-hours. During March, 800 backpacks...
I only need 4, 6, 7, & 8 Highland Company produces a lightweight backpack that is...
I only need 4, 6, 7, & 8
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: Standard Quantity or Hours Standard Price or Rate $6.00 per yard Standard Cost $ ? Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit $ 2 per direct labor-hour $? Overhead is applied to production on the basis of direct labor-hours. During March, 530 backpacks were...
Managerial Accounting
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: Standard Quantity or HoursStandard Price or RateStandard CostDirect materials?$ 8.00per yard$ ?Direct labor???Variable manufacturing overhead?$ 2per direct labor-hour?Total standard cost per unit$ ? Overhead is applied to production on the basis of direct labor-hours. During March, 600 backpacks were manufactured and sold. Selected information relating to the month’s production is given below: Materials UsedDirect LaborVariable Manufacturing OverheadTotal standard cost allowed*$...
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating...
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: Standard Quantity Standard Price Standard or Rate Direct materials Direct labor $6.00 per yard per direct labor. Variable manufacturing overhead Total standard cost per unit Overhead is applied to production on the basis of direct labor-hours. During March, 520 backpacks were manufactured and sold. Selected information relating to the month's production is given below. Materials Direct Labor...
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: Standard Qtity Standard Price Standard or Rate $4.00 per yard or Hours Cost S? Direct materials Direct labor Variable manufacturing overhead $2 per direct labor-hour Total standard cost Overhead is applied to production on the basis of direct labor-hours. During March, 490 backpacks were manufactured and sold. Selected information relating to the month's production is given below:...
Problem 10-16 Comprehensive Variance Analysis Lo10-1, LO10-2, LO10-3] Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials $6.00 per yard Direct labor Variable manufacturing overhead Total standard cost per unit per direct labor- $2 hour S ? Overhead is applied to production on the basis of direct labor-hours. During March, 520 backpacks were manufactured...
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below:Standard Quantity or HoursStandard Price or RateStandard CostDirect materials?$6.00 per yard$?Direct labor???Variable manufacturing overhead?$2 per direct labor-hour?Total standard cost$?Overhead is applied to production on the basis of direct labor-hours. During March, 530 backpacks were manufactured and sold. Selected information relating to the month's production is given below: Materials UsedDirect LaborVariable Manufacturing OverheadTotal standard cost allowed ^(**)$15,900$7,420$1,484Actual costs incurred$13,750?$1,708Materials price variance?Materials...
Problem 10-16 Comprehensive Variance Analysis (LO10-1, LO10-2, LO10-3] Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: Standard Quantity or Hours Standard Price or Rate $6.00 per yard Standard Cost Direct materials Direct labor ? per direct labor 2 hour nin. nn. $ Variable manufacturing overhead Total standard cost per unit Overhead is applied to production on the basis of direct labor-hours. During March, 800 backpacks...
I only need 4, 6, 7, & 8
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: Standard Quantity or Hours Standard Price or Rate $6.00 per yard Standard Cost $ ? Direct materials Direct labor Variable manufacturing overhead Total standard cost per unit $ 2 per direct labor-hour $? Overhead is applied to production on the basis of direct labor-hours. During March, 530 backpacks were...
Highland Company produces a lightweight backpack that is popular with college students. Standard variable costs relating to a single backpack are given below: Standard Quantity Standard Price Standard or Rate Direct materials Direct labor $6.00 per yard per direct labor. Variable manufacturing overhead Total standard cost per unit Overhead is applied to production on the basis of direct labor-hours. During March, 520 backpacks were manufactured and sold. Selected information relating to the month's production is given below. Materials Direct Labor...
Most questions answered within 3 hours.
-
i
need the summary of this article “Why I Don’t Trust The Video Games
Cause Violence”...
asked 4 minutes ago -
Draw the reactants and products of the following
reaction:
3-ethyl-2-heptene + HOH → 3-ethyl-3-heptanol +
3-ethyl-2-heptanol...
asked 2 minutes ago -
Determine the ratio of adipic acid and butylene glycol that
should be used to obtain a...
asked 11 minutes ago -
Calculate the ratio of the resistance of 11.0 m of aluminum wire
2.5 mm in diameter,...
asked 4 minutes ago -
Kinkaid Co. is incorporated at the beginning of this year and
engages in a number of...
asked 8 minutes ago -
when setting up a simple pendulum, calculate the string length
required for the period to equal...
asked 27 minutes ago -
: A small but very close dense mass of 389 kg is brought close
to a...
asked 27 minutes ago -
Create a class called Hotel. The hotel class will track the
current reservations for your one-room...
asked 50 minutes ago -
In space, a 4.0 kg metal ball moving 30 m/s has a head on
collision with...
asked 1 hour ago -
Financial Markets and Corporate Strategy (assignment template) –
1 of 2
Insights/Instructions: Use this template to...
asked 58 minutes ago -
A firm has announced a cash dividend of $3 dollar per share.
Assuming an efficient market,...
asked 53 minutes ago -
Which of the following statements is consistent with the fact
that capital in an economy is...
asked 1 hour ago