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 $6.00 per yard
Direct labor of 2.00 hours at $16.00 per hour
Overhead applied per sleeping bag at $15.00
In the month of April, the company actually produced 5,200 sleeping
bags using 27,300 yards of material at a cost of $5.50 per yard.
The labor used was 11,700 hours at an average rate of $16.50 per
hour. The actual overhead spending was $96,200.
Determine 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.
Total Material Variance = Standard Cost – Actual Cost
= $187,200 - $150,150
= $37,050 Favorable
Working Note:
Actual Cost (5,200 units) = Actual Quantity * Actual Rate
= 27,300 * $5.50
= $150,150
Standard Cost (5,200 units) = Standard Quantity * Standard Rate
= (6 * 5,200) * $6
= 31,200 * $6
= $187,200
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 $6.00 per yard D...
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 2.50 hours at $18.00 per hour Overhead applied per sleeping bag at $16.00 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...
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 4.00 yards at $5.75 per yard Direct labor of 2.50 hours at $16.00 per hour Overhead applied per sleeping bag at $16.00 In the month of April, the company actually produced 5,200 sleeping bags using 27,300 yards of material at a cost of $5.50 per yard. The labor used was 11,700 hours at an average...
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 $5.25 per yard Direct labor of 2.50 hours at $18.00 per hour Overhead applied per sleeping bag at $16.00 In the month of April, the company actually produced 5,200 sleeping bags using 27,300 yards of material at a cost of $5.30 per yard. The labor used was 11,700 hours at an average...
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 3.00 hours at $20.00 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 $6.10 per yard. The labor used was 11,700 hours at an average...
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 2.50 hours at $20.00 per hour Overhead applied per sleeping bag at $15.00 In the month of April, the company actually produced 5,200 sleeping bags using 27,300 yards of material at a cost of $5.30 per yard. The labor used was 11,700 hours at an average...
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 4.00 yards at $5.75 per yard Direct labor of 2.50 hours at $16.00 per hour Overhead applied per sleeping bag at $17.00 In the month of April, the company actually produced 5,200 sleeping bags using 27,300 yards of material at a cost of $5.90 per yard. The labor used was 11,700 hours at an average...
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 4.00 yards at $6.00 per yard Direct labor of 3.00 hours at $17.00 per hour Overhead applied per sleeping bag at $19.00 In the month of April, the company actually produced 5,200 sleeping bags using 27,300 yards of material at a cost of $5.90 per yard. The labor used was 11,700 hours at an average...
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 4.50 yards at $5.25 per yard Direct labor of 3.00 hours at $18.00 per hour Overhead applied per sleeping bag at $17.00 In the month of April, the company actually produced 5,200 sleeping bags using 27,300 yards of material at a cost of $5.70 per yard. The labor used was 11,700 hours at an average...
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 $5.00 per yard Direct labor of 2.50 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 12,250 hours at an average...
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 4.00 yards at $5.50 per yard Direct labor of 3.00 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 25,000 yards of material at a cost of $5.30 per yard. The labor used was 11,500 hours at an average...