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Young Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $181 per board. This includes 20 pounds of direct materials, at the budgeted price of $2 per pound, and 10 hours of direct manufacturing labor, at the budget rate of $14.10 per hour. Following are additional data for the month of July. Units completed Direct material purchases Cost of direct material purchases 5,500 units 210,000 pounds $714,000 Actual direct manufacturing labor hours 46,000 hours Actual direct labor cost $676,200 Direct materials efficiency variance $1,100 F There were no beginning inventories. Calculate the actual price per pound of direct materials purchased. Fuller Company builds swimming pools. Fuller budgets that they will build 14 pools during the month of April at a price of $20,209 per pool. Actual pools built by Fuller during April were 16 pools at a price of $20,658 per pool. What is the Sales Volume Variance for April?

Young Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $181 per board. This includes 20 pounds of direct materials, at the budgeted price of $2 per pound, and 10 hours of direct manufacturing labor, at the budget rate of $14.10 per hour. Following are additional data for the month of July. Units completed Direct material purchases Cost of direct material purchases 5,500 units 210,000 pounds $714,000 Actual direct manufacturing labor hours 46,000 hours Actual direct labor cost $676,200 Direct materials efficiency variance $1,100 F There were no beginning inventories. Calculate the actual price per pound of direct materials purchased. Fuller Company builds swimming pools. Fuller budgets that they will build 14 pools during the month of April at a price of $20,209 per pool. Actual pools built by Fuller during April were 16 pools at a price of $20,658 per pool. What is the Sales Volume Variance for April?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 1PB: Lens & Shades sells sunglasses for $37 each and is estimating sales of 21,000 units in January and...
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Young Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $181 per board. This includes 20 pounds of direct materials, at the budgeted price of $2 per pound, and 10 hours of direct manufacturing labor, at the budget rate of $14.10 per hour. Following are additional data for the month of July. Units completed Direct material purchases Cost of direct material purchases 5,500 units 210,000 pounds $714,000 Actual direct manufacturing labor hours 46,000 hours Actual direct labor cost $676,200 Direct materials efficiency variance $1,100 F There were no beginning inventories. Calculate the actual price per pound of direct materials purchased. Fuller Company builds swimming pools. Fuller budgets that they will build 14 pools during the month of April at a price of $20,209 per pool. Actual pools built by Fuller during April were 16 pools at a price of $20,658 per pool. What is the Sales Volume Variance for April?
Transcribed Image Text:Young Bay Surfboards manufactures fiberglass surfboards. The standard cost of direct materials and direct manufacturing labor is $181 per board. This includes 20 pounds of direct materials, at the budgeted price of $2 per pound, and 10 hours of direct manufacturing labor, at the budget rate of $14.10 per hour. Following are additional data for the month of July. Units completed Direct material purchases Cost of direct material purchases 5,500 units 210,000 pounds $714,000 Actual direct manufacturing labor hours 46,000 hours Actual direct labor cost $676,200 Direct materials efficiency variance $1,100 F There were no beginning inventories. Calculate the actual price per pound of direct materials purchased. Fuller Company builds swimming pools. Fuller budgets that they will build 14 pools during the month of April at a price of $20,209 per pool. Actual pools built by Fuller during April were 16 pools at a price of $20,658 per pool. What is the Sales Volume Variance for April?
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