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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 $6.00 per yard
Direct labor of 3.00 hours at $16.00 per hour
Overhead applied per sleeping bag at $18.00
In the month of April, the company actually produced 4,900 sleeping bags using 24,700 yards of material at a cost of $5.70 per yard. The labor used was 11,500 hours at an average rate of $20.50 per hour. The actual overhead spending was $96,200.
Find the materials price variance and round to the nearest whole dollar. Enter a favorable variance as a negative number. Enter an unfavorable variance as a positive number.
Alteran Corporation purchased office equipment for $1.3 million in 2013. The equipment is being depreciated over a 8-year life using the sum-of-the-years'-digits method.
Given below are account balances for Charlie Company: Sales returns and allowances, $4,000. How much is the gross profit margin
On January 8, the end of the first weekly pay period of the year, Prepare the journal entry to record Regal Company's January 8 (employee) payroll expenses
What are the steps involved in the preparation of an advance plan for the distribution of cash in a partnership liquidation to determine which step is the most difficult to execute correctly. Discuss possible ways to address the difficulties you i..
Many developing countries China and India being notable examples have pursued in the past policies to curb population growth. What was the rationale? What was the impact of this policy on the level and growth in GDP as well as per capita GDP?
The regular rate of depreciation is 10% per year. Acquisitions and retirements during a year are depreciated at half this rate. There were no purchases during the year. On December 31, 2013, the balance of the Plant and Equipment account was $220..
hocking corporations comparative balance sheet appears belowthe companys net income for the year was 10000 and its cash
Berkley's gross pay for the month is $7,400. His deduction for federal income tax is based on a rate of 18%. What is Berkley's net pay
Suggest at least two (2) advantages and two (2) disadvantages of the U.S. adopting the system that the other country uses. Provide a rationale for your response
using securities worth $3 million, Daniel would like to create a trust, life estate to Marcia, remainder to her children. he is hesitant to do so because of the tax generationskipping transfers. write a letter to daniel advising him on this matter..
on january 1 2011 aspen company acquired 80 percent of birch companys outstanding voting stock for 482000. birch
Prepare the general journal entry to record end of the year adjusting entry if Flipper uses 5% of Accounts Receivable as basis for determining Bad Debt Expense
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