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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 $6.00 per yard
Direct labor of 3.00 hours at $20.00 per hour
Overhead applied per sleeping bag at $18.00
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 $18.50 per hour. The actual overhead spending was $96,200.
Find the total materials variance and round to the nearest whole dollar. Enter a favorable variance as a negative number. Enter an unfavorable variance as a positive number.
oniel company began the year with 870000 of raw material inventory 1390000 of work-in-process inventory and 620000 of
After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $846,972, what was the retained earnings on its balance sheet on July 1, 2010?
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You have 10 minutes to complete the quiz. You are allowed a calculator as specied in the syllabus. If necessary, round decimal answers to 4 signicant digits. Show all work to receive full credit. Instructors will not interpret questions for you. T..
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