Chapter 1, Problem 4.1EC

What is the direct materials price variance?

Alverton Manufacturing's manufacturing overhead is 38% of its total conversion costs. If direct labor is $86,000 and direct materials are $31,000, the manufacturing overhead is __.

Fleetwood Manufacturing has provided the following data for the month of May. The balance in the Finished Goods inventory account at the beginning of the month was $94,200 and at the end of the month was $89,300. The cost of goods manufactured for the month was $428,700. The actual manufacturing overhead cost incurred was $152,800 and the manufacturing overhead cost applied to jobs was $158,400. The adjusted cost of goods sold that would appear on the income statement for May is __.