Question: I am looking for help with this general accounting question using proper accounting standards. Bonny Manufacturing Company has the following standards to manutacture one table:

I am looking for help with this general accounting question using proper accounting standards.

Bonny Manufacturing Company has the following standards to manutacture one table: Standard Quantity) Standard Price Direct Materials|8 feet per unit | $7.90 per foot Direct Labor [3.2 hours per unit) $16 per hour The company used 27,300 feet of material to manufacture 3,000 tables in June. The direct materials quantity variance is: a. $9,629 unfavorable. b. $5,250 favorable. c. $2,250 unfavorable. d. $4.500 favorable

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

I am looking for help with this general accounting question using proper accounting standards. Sunset Manufacturing Company uses a job costing system. Sunset Manufacturing Company's schedule of cost...

I am looking for help with this general accounting question using proper accounting standards. In April 2022, Meadow Valley Industries estimated total factory overhead costs of $312,000 and projected...

I need help with this general accounting question using standard accounting techniques. A furniture manufacturer has the following standards to make one chair: Standard Quantity|| Standard Price 4...

I need help with this general accounting question using standard accounting techniques. Nexus Manutacturing, Inc. (NMI) developed standard costs for direct materials and direct labor. In 2022, NMI...

I need help with this general accounting question using the proper accounting approach. GoldBridge Manufacturing reported the following direct labor cost data for the month of June: e Actual Rate =...

Sole Purpose Shoe Company Sole Purpose Shoe Company is owned and operated by Sarah Charles. The company manufactures casual shoes, with manufacturing facilities in your state. Sarah began the...

MUST INCLUDE CALCULATIONS SO I SEE HOW YOU ARRIVED AT THE ANSWER. Please ensure the calculations are easy to read and understand, thanks. WORKSHEETS AND MARKET RESEARCH FROM MILESTONE TWO VARIABLE...

Scenario It has now been one month since you hanched your business. You are meeting with a few imvestors soon to share your vision for the compary and to ask for more funding. You will be sharing...

cenario It has now been one month since you launched your business. You are meeting with a few investors soon to share your vision for the company and to ask for more funding. You will be sharing...

Question 6 Question 6 options: During 2014, its first year of operations, ABC Company produced 20,000 units and sold 12,000 units. During 2015, ABC Company produced 22,000 units and sold 28,000...

Consider the economy of two countries: England (E) and China (C) initially not trading with each other. Each country has 1000 workers for producing bananas (B) and roses (R). An English worker can...

Two boxes each holds three tickets numbered 1, 2, 3. One ticket is randomly selected from each box. Let X be the random variable that is the sum of the numbers on the two selected tickets. Find the...

Management's main need for reliable financial statements is to buy or sell stock or bonds. Question 8 options: TrueFalse

What is SQL DROP TABLE Statement??