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Problem - 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 $6.00 per yard
Direct labor of 3.00 hours at $20.00 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 $5.70 per yard. The labor used was 13,750 hours at an average rate of $17.50 per hour. The actual overhead spending was $96,200.
Required - Determine the labor quantity variance and round to the nearest whole dollar. Enter a favorable variance as a negative number. Enter an unfavorable variance as a positive number.
In 2013, Long Construction Corporation began construction work under a three year contract.
Determine which is more important in managed care, the capital and organizational ability of the hospital/managed care organization, or the physician’s ability to effectively manage patient care from a hospital’s profitability perspective
Show the statements of financial position on 1 April 2016 after goodwill has been taken into account if:- Goodwill account was opened.
What is the function of account analysis? How can we manage bank balances? How can we preauthorize the debit transactions? What are some other tools we can utilize to create a secure and efficient cash management system?
Borkenstick makes a very popular undyed cloth sandal in one style, but in Regular and Deluxe. The Regular sandals have such soles and the Deluxe sandals have cloth covered wooden soles.
preparation of journal entries to record stock dividend and stock split.klein corporations stockholders equity section
Prepare the balance sheet for Harris, Inc., at December 31, 2011 and prepare a statement of changes in retained earnings for the year ended December 31, 2011.
Calculate the depreciation expense for the year using the composite method for 2010 and 2011 and calculate the depreciation expense for the year on the ties using the group method and compute the group depreciation rate for 2011.
Vanessa Jones is the assistant chief accountant at IBT Company, a manufacturer of computer chips and cellular phones. The company presently has total sales of $20 million. What ethical issues are involved? What are Vanessa's alternatives?
Which of the following is a COSO principle dealing with monitoring activities: Which of the following is not true about corporate governance. Which of the following is true about ERM
Is accrual accounting more closely related to a company's goal of profitability or liquidity? Business application- Would you expect net income to be a good measure of a company's liquidity? Why or why not?
Donald started Donald Designers and invested $25,000 into the business on June 1, 2015. He rendered services to three clients on account with total revenues earned of $9,000. On June 13, he purchased $1,000 of office supplies for cash. No withdrawals..
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