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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 4.00 yards at $5.80 per yard
Direct labor of 2.00 hours at $18.00 per hour
Overhead applied per sleeping bag at $20.00
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 $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.
Prepare the statement of profit or loss and the calculation of retained earnings for the year ended 30 June 2015 and prepare the statement
Explain how the ratio is calculated and discuss and interpret the ratios that you calculated. Discuss potential liquidity issues based on your calculations.
Chris, Patty, and Devon, three accounting students, were discussing the rules of debits and credits. Chris says that debits increase account balances and credits decrease account balances. Patty says that Chris is wrong, that credits increase account..
Cash collected on credit sales amounted to $750,000, and $17,000 has been written off. Calculate the ending balance of Accounts Receivable
Company accepted from a customer a P4,000,000, 90-day, 12% note dated August 31, 2019. Compute the amount was received from the note receivable discounting
Anything about Finance Topic (MBA)
A computer manufacturing company wants to provide assurance about estimated future results to be included in the company's annual report
accounts officers at xerox corporation discovered that significant errors have been made in the valuation of inventory
She sold it on October 15, year 7, for $240,000. What amount of loss from the sale is recognized on her year 7 income tax return
XYZ Company is considering the purchase of a new piece of equipment. Calculate the salvage value for this piece of equipment
When you have a revaluation income(surplus) on a Depreciatable asset (PPE) But with no wear and tear allowance. How would the journal entries look.
here are comparative balance sheets for doherty company.doherty company comparative balance sheets december 31
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