Reference no: EM133032148

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 6.00 yards at $6.00 per yard

Direct labor of 2.50 hours at $19.00 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 $6.10 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 positive number. Enter an unfavorable variance as a negative number.

For the FY 2018, Frederick Company had net sales of $800,000 and net income of $100,000, paid income taxes of $22,500, and had before tax interest expense of $12,500. Use this information to determine the Times Interest Earned Ratio. Round your answers to one decimal place.

The Common Stock account for Baltimore Corporation on January 1, 2020 was $55,000. On July 1, 2020 Baltimore issued an additional 5,000 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 on July 2 and net income was $125,000. Use this information to determine for December 31, 2020 the amount of Earnings per Share (rounded to the nearest cent).

The Cardinal Company had a finished goods inventory of 55,000 units on January 1. Its projected sales for the next four months were: January - 200,000 units; February - 180,000 units; March - 210,000 units; and April - 230,000 units. The Cardinal Company wishes to maintain a desired ending finished goods inventory of 20% of the following month's sales.

?Determine the budgeted units of inventory for March 31.