Reference no: EM132964692
Questions -
Q1. 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 5,00 yards at $5,20 per yard
Direct labor of 2,50 hours at $16,00 per hour
Overhead applied per sleeping bag at $18,00
In the month of April, the company actually produced 5,200 sleeping bags using 27,300 yards of material at a cost of $5,90 per yard. The labor used was 11,700 hours at an average rate of $17,50 per hour. The actual overhead spending was $96,200.
Determine the total materials variance and round to the nearest whole dollar. Enter a favorable variance as a positive number. Enter an unfavorable variance as a negative number.
Q2. On March 21, 2021, Christine worked 6,0 hours on Job A-1, and 3 hours on general "overhead activities." Christine is paid $19 per hour. Overhead is applied based on $29 per direct labor hour. Additionally, on March 21 Job A-1 requisitioned and entered into production $190 of direct material. On March 21, Christine, while working on Job A-1 used $27 of indirect material. Indirect material is included in the overhead application rate. Use this information to determine the total cost that should have been recorded in the Work in Process for Job A-1 on March 21? Round your answer to the closest whole number (no cents).
Q3. ?The Common Stock account for Baltimore Corporation on January 1, 2020 was $65 000. On July 1, 2020 Baltimore issued an additional 10 000 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 on July 2 and net income was $110 000. Use this information to determine for December 31, 2020 the amount of Earnings per Share (rounded to the nearest cent).
SBM3307 Project Development and Optimisation Assignment
: SBM3307 Project Development and Optimisation Assignment Help and Solution, Asia Pacific International College - Assessment Writing Service
|
What is the expected present value
: The rate of interest on default risk-free investments is 8%. What is the expected present value of Cynthia Bennett' cash flow
|
What is her purchase price
: If Iolanda purchased this bond on 7 May 2018 what is her purchase price (rounded to four decimal places)? Assume yield rate of 4.88% p.a. compounded half-yearly
|
What are the limitations of Zero Base Budgeting
: What are the limitations of Zero Base Budgeting? What do you mean by "Economic Batch Quantity" in Batch Costing
|
Determine December the amount of Earnings
: Use this information to determine for December 31, 2020 the amount of Earnings per Share (rounded to the nearest cent)
|
Determine the labor rate variance
: On June 1, 2019 Adelphi Corporation issued $200 000 of 6%, 10-year bonds. Determine the labor rate variance and round to the nearest whole dollar
|
What are the relevant cash flows
: The current salvage value of the old machine is not $8,000, but rather only $3,000. On the basis of this new information, what are the relevant cash flows
|
Describe one way that they have impacted the corporation
: - Select a prominent or influential stakeholder associated with Star Bucks Coffe. A stakeholder or stakeholders can be an individual (do not choose the CEO) the
|
What annual savings can Aqua Systems expect
: A proposed lockbox system can eliminate 1 days of float, releasing funds which, when invested, will earn 13.72 percent per year. What annual savings
|