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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 $5.00 per yard
Direct labor of 2.50 hours at $18.00 per hour
Overhead applied per sleeping bag at $19.00
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 $20.50 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 negative number. Enter an unfavorable variance as a positive number.
if a gain of 8242 is incurred in selling for cash office equipment having a book value of 56658 find the total amount
on september 1 a customers account balance of 2300 was deemed to be uncollectible. what entry should be recorded on
Appraised values were as follows: store fixtures, $6,000; display cases, $9,000; commercial safe, $5,000.
How do other processes (revenue, expenditure, conversion) affect the general ledger?
Examine PepsiCo, Inc.’s Consolidated Balance Sheet on p. A6 in Appendix A of Financial Accounting, especially its Current Assets, Current Liabilities, and Total Assets for years 2005 and 2004.
If you bought the one-year Treasury bill in May 2012, calculate the real interest rate you earned over the following 12-month period. Given the results of your calculation, why were investors willing to buy Treasury bills in May 2012?
Cash dividends were $43. The company sold equipment for $61 that was originally purchased for $28 and that had accumulated depreciation of $25. The net cash provided by (used in) operations for the year was:
Gains and losses on the purchase and resale of treasury stock may be reflected only in:
Calculate the minimum price per chair that the company could charge for this special order if management requires a $510 minimum profit
a. Calculate the direct materials price variance for May. b. Calculate the direct materials quantity variance for May. c. Calculate the direct labor wage rate variance for May. d. Calculate the direct labor efficiency variance for May.
the local grocery store rents carpet cleaners for 45 per day and sells shampoo to go with the cleaner for 12. to
For this project, you will produce a financial statement analysis and valuation report that summarizes the financial health, projected future performance.
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