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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 4.50 yards at $5.75 per yard
Direct labor of 3.00 hours at $19.00 per hour
Overhead applied per sleeping bag at $15.00
In the month of April, the company actually produced 5,200 sleeping bags using 27,300 yards of material at a cost of $5.50 per yard. The labor used was 11,700 hours at an average rate of $19.50 per hour. The actual overhead spending was $96,200.
Required - Determine the labor rate variance and round to the nearest whole dollar. Enter a favorable variance as a negative number. Enter an unfavorable variance as a positive number.
The buyer also assumed the mortgage of $5,000. What is the amount of gain/loss on the sale of the land
Determine the net interest expense to be reported for this note and related swap transaction as of June 30, 2017.
What percentage of accounts receivable did Papa John's estimate would not be collected?
Compute a materials price variance for the plates purchased last month and a materials quantity variance for the plates used last month
Ludwig, Inc., which owes Giffin Co. $2,400,000 in notes payable, is in financial difficulty. To eliminate the debt, Giffin agrees to accept from Ludwig land having a fair value of $1,830,000 and a recorded cost of $1,350,000.
In 2015, Christian wants to transfer as much as possible to his 8 adult married children (including spouses) and 13 minor grandchildren without using any unified transfer tax credit, A) How much can Christian give without using any unified transfer..
Use the following information to complete Phillip and Claire Dunphy's 2015 federal income tax return. If information is missing, use reasonable assumptions to fill in the gaps. Ignore the alternative minimum tax for this problem.
A company has made 13,000,000 CZK in credit sales over the past year.Its policy is to maintain a reserve of 5% for losses on its credit sales.There is a balance of 15,000 CZK in the reserve account at present.Prepare the transaction to complet..
How did Jon team coordinate with the vendor in the implementation stage of the systems development project?What did Jon team do in advance of contacting SAP that made the design and implementation systems proceed as smoothly as possible?
a portfolio consists of the following four stocks stock current market value expected return a 180000 8 b 145000 10 c
ABC purchases $580,000 of additional inventory on account during the year. The purchases are charged to accounts payable. Total payments made on account.
R. Wolfe became the new auditor for Royal Corporation, succeeding C. Mason, who audited the financial statements last year. Wolfe needs to report on Royal's.
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