Categories

Additional Information

Site Information

 Loading... Please wait...
  • My Account
  • Gift Certificates
  • Image 1

Budgeting Problem

$15.00
Quantity:

Product Description

This problem 5% of the course grade.

Scenario:

MadHatter manufactures baseball caps.  The Accounting Faculty of PSU order 150 caps for the Accounting 211 students with ALOE imprinted on them.  MadHatter has the following set of standards for the manufacture of baseball caps.

 

DM:    ½ yard of fabric per cap

           $4.00 per yard of fabric

 

DL:     1 labor hour per cap

           $11.00 per labor hour

 

After the caps were shipped, MadHatter analyzed the actual data from production and discovered the following results.

 

DM:    ¾ yard of fabric per cap

           $2.85 per yard of fabric

 

DL:     1.4 labor hours per cap

           $9..50 per labor hour

Assignment:

 

  1. 1.    Determine the DM and DL budgets.  
  2. 2.    Calculate the Quantity and Price Variances for each budget and indicate whether each is favorable or unfavorable.
  3. 3.    Provide explanations for the variances. 

 

Product Reviews

Write Review

This product hasn't received any reviews yet. Be the first to review this product!

Find Similar Products by Category

Click the button below to add the Budgeting Problem to your wish list.