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Question - Benny 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 4.50 yards at $5.25 per yard
Direct labor of 3.00 hours at $17.00 per hour
Overhead applied per sleeping bag at $18
In the month of April, the company actually produced 5,100 sleeping bags using 26,800 yards of material at a cost of $5.90 per yard. The labor used was 12,250 hours at an average rate of $16.50 per hour. The actual overhead spending was $96,200.
Compute the labor quantity variance and round to the nearest whole dollar.
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Assume that on June 1 the board of directors declared a cash dividend of $0.23 per share on the outstanding shares. Calculate the total amount of the dividend.
Assume that you recently graduated and have just reported to work as an investment advisor at the one of the firms on Wall Street. Use the extended DuPont equation to provide a summary and overview of company's financial condition as projected for ..
Imagine that you are the cost accounting manager and the director of your present or past organization. Management wants your opinion on whether the company should manufacture a new electric car.
1. A manufacturing shop is designed to operate most efficiently at an output of 550 units perday. In the past month the plant produced 490 units. What was its capacity utilization ratelast month?
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Compute total revenues, costs and profits under the status quo (original situation), and for each of the two new options
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Calculate the ending balances of Work in Process and Finished Goods
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Your city has decided to build a new library. The projected cost is $2 million. A bond issue for $1.2 million has been authorized, and the remainder.
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