#23

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 3.00 hours at $19.00 per hour

Overhead applied per sleeping bag at $18.00

In the month of April, the company actually produced 4,900 sleeping bags using 24,500 yards of material at a cost of $5.90 per yard.The labor used was 11,500 hours at an average rate of $16.50 per hour.The actual overhead spending was $96,200.

What is the materials price variance ?

rounded to the nearest whole dollar.Favorable variance as a negative number/ unfavorable variance as a positive number.

#24

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 $6.00 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 $5.10 per yard.The labor used was 12,000 hours at an average rate of $17.50 per hour.The actual overhead spending was $96,200.

What is the labor quantity variance?

rounded to the nearest whole dollar. Favorable variance as a negative number/ unfavorable variance as a positive number.