Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 10(8 points) Adelphi Company provides the following information for their first year of operations in 2018: Sales, 9,000 units @ $18 each Total production,

Question 10(8 points)

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

Sales, 9,000 units @ $18 each

Total production, 11,000 units

Production costs per unit:

Direct materials$4.00

Direct labor$2.00

Variable overhead$1.00

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)

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 5.50 yards at $6.00 per yard

Direct labor of 3.00 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 $6.10 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 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.

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 3.00 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 $5.70 per yard.The labor used was 11,700 hours at an average rate of $20.50 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.

Answer:

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

Accounting Principles

Authors: Jerry J Weygandt

10th Edition

1118009282, 9781118009284

More Books

Students also viewed these Accounting questions

Question

8. What values do you want others to associate you with?

Answered: 1 week ago