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Question - Bowie 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 6.00 yards at $6.00 per yard
Direct labor of 2.00 hours at $16.00 per hour
Overhead applied per sleeping bag at $18.00
In the month of April, the company actually produced 4,900 sleeping bags using 25,700 yards of material at a cost of $5.70 per yard. The labor used was 11,500 hours at an average rate of $19.50 per hour. The actual overhead spending was $96,200.
Calculate the materials price variance and round to the nearest whole dollar. Enter a favorable variance as a negative number. Enter an unfavorable variance as a positive number.
Assume at the beginning of 2012, the Ashlawn Village Street and Highway Fund (a special revenue fund) has cash of $300,000 offset by assigned fund balance.
Analyze immigrant assimilation from cost accounting, performance evaluation& analysis, and planning & decision support perspective
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The cost of raw materials averaged $1,900 per batch. It takes Maria and Juanita 20 hours per batch to manufacture the jewelry.
ACME Company has a demand function given by: Q = 30 - 2P, Determine the optimal price, the corresponding demand quantity, and unit product cost
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Assume that the acquisition took place on April 1. Determine the controlling interest that would appear in a consolidated income statement for this year
Assess how a company's accounting and financial reporting is likely to be impacted by the work being done by the EITF on this issue.
Cost of temporary building for workers during construction of building.
The company earned $67,500 during the first year, and distributed $34,000 to shareholders as dividends. How much did shareholders initially invest in business?
West Inc. 1,000 shares of $100 par value, 3% cumulative preferred stock outstanding. What is the journal entry to record West's payment
abc ltd. a manufacturing company incurred the following expenses during a certain period. you are required to prepare a
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