Question 10 (8 points)

Adelphi Company provides the following information for their first year of operations in 2018:

Sales, 8,000 units @ $16 each

Total production, 13,000 units

Production costs per unit:

Direct materials $2.00

Direct labor $4.00

Variable overhead $2.00

Fixed manufacturing overhead $7,000

Adelphi Company uses absorption costing. Use this information to determine for Adelphi Company the FY 2018 Cost of Goods Sold. (Round & enter final answer to the nearest whole dollar)

Your Answer:

Question 10 options:

Answer

Question 11 (8 points)

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 $17.00 per hour

Overhead applied per sleeping bag at $18.00

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 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.

Your Answer:

Question 11 options:

Answer

Question 12 (8 points)

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 2.00 hours at $19.00 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 $5.10 per yard. The labor used was 11,700 hours at an average rate of $17.50 per hour. The actual overhead spending was $96,200.

Determine the labor rate variance and round to the nearest whole dollar. Enter a favorable variance as a negative number. Enter an unfavorable variance as a positive number.