James Company manufactures t-shirts. During the year, it manufactured 250,000 t-shirts, using 2 hours of direct labor at a rate of $8.50 per hour. The materials and labor standards for manufacturing the t-shirts are as follows: Direct materials (6 yards of fabric @ $3.00 per yard) $18.00 Direct labor (2.4 hours @ $8.00 per hour) It took James 1,400,000 yards at $2.50 per yard to make the 250,000 t-shirts. What is James's materials usage variance? $250,000 F $250,000 U $300,000 F 19.20 $300,000 U

James Company manufactures t-shirts. During the year, it manufactured 250,000 t-shirts, using 2 hours of direct labor at a rate of $8.50 per hour. The materials and labor standards for manufacturing the t-shirts are as follows: Direct materials (6 yards of fabric @ $3.00 per yard) $18.00 Direct labor (2.4 hours @ $8.00 per hour) It took James 1,400,000 yards at $2.50 per yard to make the 250,000 t-shirts. What is James's materials usage variance? $250,000 F $250,000 U $300,000 F 19.20 $300,000 U

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Description: Note:-• Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.• Answer completely.• You will get up vote for sure. James Company manufactures t-shirts. During the year, it manufactured 250,000 t-sh

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 4EA: Cozy, Inc., manufactures small and large blankets. It estimates $350,000 in overhead during the...

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XYZ Co. manufactures baseball bats and wooden tops . Currently , the company makes 5,000 baseball bats each month . Each bat uses $1.00 in direct materials and $0.50 in direct labor . The company uses two activities in manufacturing the baseball bats : Cutting and Finishing . The cost associated with Cutting is $7,500 a month , allocated on basis of direct labor hours . The cost associated with Finishing is $12,000 a month , allocated on the basis of batches . Baseball bats use 1/3 of the direct labor hours , and 40% of total batches . What is the total manufacturing cost for one baseball bat ? a. $3 b. $3.46 c. of the given answer is correct . d. $2.96 e. $3.5