Financial & Managerial Accounting
Financial & Managerial Accounting
18th Edition
ISBN: 9781260006520
Author: williams
Publisher: MCG
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Chapter 16, Problem 9BE

a.

To determine

Compute the cost of materials used for repair work during the month of February.

b.

To determine

Compute the prime cost for February.

c.

To determine

Compute the conversion cost for February.

d.

To determine

Compute the total repair cost for February.

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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 6 yards at $6 per yard. Direct labor of 2.50 hours at $17 per hour. Overhead applied per sleeping bag at $15. 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 $20.50 per hour. The actual overhead spending was $96,200. Determine the total materials variance.
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Chapter 16 Solutions

Financial & Managerial Accounting

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