Wilson Manufacturing has provided you with the following variances for the month of March: Direct materials...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Wilson Manufacturing has provided you with the following variances for the month of March: Direct materials price variance Direct materials quantity variance $3,090 Favorable (4,600) Unfavorable (3,800) Unfavorable (9,400) Unfavorable Direct labor rate variance Direct labor efficiency variance Required: a. Calculate the direct materials spending variance. Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance). b. Calculate the direct labor spending variance Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance). Wilson Manufacturing has provided you with the following variances for the month of March: Direct materials price variance Direct materials quantity variance $3,090 Favorable (4,600) Unfavorable (3,800) Unfavorable (9,400) Unfavorable Direct labor rate variance Direct labor efficiency variance Required: a. Calculate the direct materials spending variance. Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance). b. Calculate the direct labor spending variance Note: Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).
Expert Answer:
Answer rating: 100% (QA)
a To calculate the direct materials spending variance we need to add the direct materials price variance and the direct materials quantity variance Di... View the full answer
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
Posted Date:
Students also viewed these accounting questions
-
The circuit in the drawing contains three identical resistors. Each resistor has a value of 10.0 Ω. Determine the equivalent resistance between the points a and b, b and c, and a and c. R...
-
Manufacturing cost variances may come from material costs that are higher or lower than expected, material usage that is not what was expected, higher or lower labor costs than expected, or more or...
-
Sue invested $15,000 in the ABC Limited Partnership and received a 10 percent interest in the partnership The partnership had $40,000 of qualified nonrecourse debt and $40,000 of debt she is not...
-
For the transfer function below, find the constraints on K 1 and K 2 such that the function will have only two j poles. K1s + K2 T(s) = s4 + K1s + s? + K2s + 1
-
What resistance R should be connected in series with an inductance L = 220 mH and capacitance C = 12.0F for the maximum charge on the capacitor to decay to 99.0% of its initial value in 50.0 cycles?...
-
A 0.622 g sample of a metal oxide with the formula M 2 O 3 is converted to 0.685 g of the sulfide, MS. What is the atomic mass of the metal M?
-
Why would an organization satisfice instead of optimize when making a decision?
-
David Abbot is interested in purchasing a bond issued by Sony. He has obtained the following information on the security: Answer the following questions. a. Calculate the before-tax cost of the Sony...
-
Sunland Inc. issued $3 million of 10-year, 9% convertible bonds on June 1, 2023, at 98 plus accrued interest. The bonds were dated April 1, 2023, with interest payable April 1 and October 1. Bond...
-
Figure 4-34 shows an EER diagram for a restaurant, its tables, and the waiters and waiting staff managers who work at the restaurant. Your assignment is to: a. Develop a relational schema. b. Show...
-
A machine which makes bolts produces 100 units every hour among which 15 bolts on the average are discovered to be defective. Quality tests are conducted by picking 5 units from the hourly production...
-
Explain how RTOS manage interrupt handling to minimize latency. What design considerations are typically employed to ensure low-latency interrupt processing ?
-
Monroe Materials processes a purchased material, PM-20, and produces three outputs, Alpha, Beta, and Gamma. In February, the costs to process PM-20 are $604,000 for materials and $260,000 for...
-
Camila Company has set the following standard cost per unit for direct materials and direct labor. Direct materials (14 pounds @ $4 per pound) Direct labor (2 hours @ $14 per hour) $ 56 28 During...
-
Lakeside Incorporated manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Pools Machining Setup Quality control Estimated Total Cost $...
-
On January 1, 2024, Kingbird Company sold property to Ivanhoe Company which originally cost Kingbird $2750000. There was no established exchange price for this property. Ivanhoe gave Kingbird a...
-
Your Grandmother invests $2,500 into a project that is expected to earn 15% APR compounded monthly. If she gives this to you on your 18th birthday for college, how much will you have?
-
Determine the volume of the parallelepiped of Fig. 3.25 when (a) P = 4i 3j + 2k, Q = 2i 5j + k, and S = 7i + j k, (b) P = 5i j + 6k, Q = 2i + 3j + k, and S = 3i 2j + 4k. P
-
Horton Manufacturing Inc. (HMI) is suffering from the effects of increased local and global competition for its main product, a lawn mower that is sold in discount stores throughout the United...
-
Lenngton Furniture, Inc. (LFI) manufactures bedroom furniture in sets (a set includes a dresser, two queen-size beds, and one bedside table) for use in motels and hotels. LFI has three customer...
-
To what probabilities do each of the following sigma levels correspond, based on a standard normal curve: 3 sigma, 4 sigma, 5 sigma, and 6 sigma? Check figures: for three sigma, the two-tailed...
-
As the Human Resources manager for Beautiful Bottles Pty Ltd, a company manufacturing bottles for the food industry, you have been asked by the accountant to help reduce the product costs of each...
-
Innovative Computers Pty Ltd produces laptops. Each laptop contains a rechargeable battery and LCD screen. Batteries and screens are purchased from an outside supplier for \($192\) and \($300\) each,...
-
As the marketing manager for Smart Fones Industries Pty Ltd you have asked the accountant what it costs to make the SFI2026 model as you want to set a price for the phone. A similar phone produced by...
Study smarter with the SolutionInn App