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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 3.00 hours at $17.00 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 $5.50 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.
Discuss the three procedures that SAS 109 defines in the risk assessment of a potential client. How does each one provide independent, relevant, and direct evidence to provide adequate and sufficient evidence to reach a conclusion?
Etta's profit after tax for the year-end was $1,550,000. Calculate the basic and diluted earnings per share for Etta
What would have been General Mills' book value of inventories at the end of fiscal year 2010 under this alternative cost flow assumption
The framework used to record and summarize the economic activities of a business enterprise is referred to as the accounting equation. State the basic accounting equation and define each of its major components. How are business transactions and f..
Troyer's long term available for sale portfolio at December 31, 2012, consists of the following.
Prepare a complete Statement of Cash Flows in good form using the direct method for operating activities and including all investing
Evaluate the following costs to decide whether each should be recorded as Land, Land Improvement, Building, Equipment, or Not Capitalized at all.
From the scenario, cite your forecasting conclusions that support TFC's decision to expand to the West Coast market
Show the effects of the three above transactions in a horizontal statements model like the one shown below.
Repeat the requirements for (a) and (b), assuming that Roland intends to dispose of the equipment and that it has not been disposed of as of December 31, 2011.
The cash account of Aguilar Co. showed a ledger balance of $3,969.85 on June 30,2012. Prepare a bank reconciliation dated June 30, 2012
What is the present value of the following annuity - $2,135 every quarter year at the end of the quarter for the next 4 years
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