Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bargain Guard, which used a standard cost accounting system, manufactured 200,000 boat fenders during the year, using 1,300,000 feet of extruded vinyl purchased at $1.25

image text in transcribed
Bargain Guard, which used a standard cost accounting system, manufactured 200,000 boat fenders during the year, using 1,300,000 feet of extruded vinyl purchased at $1.25 per foot. Production required 4,500 direct labor hours that cost $12.00 per hour. The materials standard was 6 feet of vinyl per fender at a standard cost of $1.35 per foot. The labor standard was 0.026 direct labor per fender at a standard cost of $11.50 per hour.
COMO Baryan Guard, which and a standard cost accountingmanufactured 200.000 boot fender during the yaw, using 1.300.000 feet of studied winy purchased at $125 prot. Producten gured 4500 Grect inter han at tot $12.00 per hour. The materials standard was 6 feet of Vinyl perfordert standard cost $1.35 per fool. The one standard was direct Wher hour perder aarded cont of 11.50 per how Read the reci Requirement. Compute the price and quity variance for direct materiale compute the rate and liceny variance for Srect labor(inter the top runder. Enter any wount to the eart wat and your the nearest whol dolor. Label the case stavorable for underble (U) Abortions du Dr Lered abo Bleph win the variances for direct materials. The determine the formula for the direct materiale peice variance, non compute the price variance for rent naturale. Penyerawan partant is weer DM prince equirements 1. Compute the price and quarances for new rate and coney wance for directo Does the poem of the commages have be making 2. Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Manufacturing And Service Applications

Authors: Arnold Schneider, Harold M. Sollenberger

4th Edition

0759350426, 978-0759350427

More Books

Students also viewed these Accounting questions

Question

What is the difference between persistence and self-determination?

Answered: 1 week ago