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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 5.00 yards at $5.25 per yard
Direct labor of 2.00 hours at $17.00 per hour
Overhead applied per sleeping bag at $16.00
In the month of April, the company actually produced 5,200 sleeping bags using 27,300 yards of material at a cost of $5.10 per yard. The labor used was 11,700 hours at an average rate of $18.50 per hour. The actual overhead spending was $96,200.
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.
If variable overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then?
Problem - Vacation pay and pension benefits. Lutes Company provides its employees with vacation benefits and a defined contribution pension plan.
Determine net income to be reported for 2015, 2016, and 2017, after giving effect to the change in accounting principle
Imagine you are the assistant controller in charge of general ledger accounting at Linbarger Company. Your company has a large loan from an insurance company.
talboe company makes wheels which it uses in the production of childrens wagons. talboes costs to produce 230000 wheels
Discuss and critically analyze if the need exists from your research to open an additional facility to produce knee replacements - Critically evaluate the next steps the company should make with regards to expansion.
Each of the four scatterplots a-d that follow shows a cluster of points and one "stray" point. For each, answer questions 1-4: 1) In what way is the point unusual? Does it have high leverage, a large residual, or both?
Compute the cost of the ending inventory and the cost of goods sold under average-cost
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The Bean Company makes a Sale with an invoice price of $109,000. This sale occurs on October 1, 2015. As payment, The Bean Company accepts a note of $109,000. The note is due on October 1, 2017.
On January 2, 2021, Record the budget for FY 2021 in the general journals for the Street Improvement Bond Debt Service Fund.
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