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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 4.50 yards at $5.00 per yard Direct labor of 2.00 hours at $19.00 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 $5.90 per ya rd. The labor used was 11,700 hours at an average rate of $16.50 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.
What's the schedule of cost of goods manufactured in good form and the cost of goods sold section of the company's profit and loss account for the year.
Using a discount rate of 10%, the machine's net present value is? Austin estimates that the new machine will increase the company's annual net cash inflows.
The annual demand for denim material is 20 000 metres. Raffaelo Limited is in production for 270 days per annum. Determine the re-order point in terms of policy
Direct materials are placed into process at the beginning of production. Determine the number of equipment units of production with respect to direct materials and conversion costs.
The Car Care Garage is considering an investment in a new tune up computer.
Prepare the company's journal entry to record the note's issuance, prepare the journal entries for the first and second installment payments
During the month, fixed costs were $28,800 and variable costs were 68% of sales. Determine the contribution margin in dollars, per unit, and as a ratio.
Explain whether the CAE was correct in assuming that a CPA would have the necessary skills and knowledge to complete the mandate.
Calculating the selling price per unit that must be charged in order to generate a profit of $270,000 with a sales volume of 50,000 units?
Make a traditional format income statement for April. In April, Holderness Inc, a merchandising company, had sales of $256,000, selling expenses of $17,500
Your company has developed the drug called Matrox that is an effective treatment for migraine headaches. You have just discovered that it can also be employed for organ transplant patients to reduce risk of organ rejection.
Suppose Job #500 contained 100 units. What would be the total cost for job #500? What is the predetermined overhead rate for Cat Company?
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