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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 $5.75 per yard
Direct labor of 2.50 hours at $18.00 per hour
Overhead applied per sleeping bag at $18.00
In the month of April, the company actually produced 4,900 sleeping bags using 25,400 yards of material at a cost of $6.10 per yard. The labor used was 11,500 hours at an average rate of $16.50 per hour. The actual overhead spending was $96,200.
Find what 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.
According to the definition of critical thinking you have learned, what factors must be present for critical thinking to be realised
All sales are credit sales. Cheroke Company usually collects 40% of its sales during the month of sale, Compute the cash collections during January
At Ball.com, go to the annual report from the Ball Corporation. How has the Liquidity Position of Ball changed
net income 17453 net sales 727855 total liabilities beginning-year 98932 total liabilities end-of-year 118201 total
Question - Application exercise: Bank reconciliation. Determine the following: Adjusted balance in books and Bank adjusted balance
Tim Brown, a friend of yours, has recently purchased a home for $125,000, paying $25,000 down and the remainder financed by a 10.5%, 20-year mortgage, payable at $998.38 per month.
On January 1, 2009, Boston Company purchased a heavy duty machine having an invoice price of $13,000; Boston paid transportation and installation costs totaling $3,000.
At the end of 2016, they measured goodwill and found its fair value to be $60,000. Calculate and record the impairment of goodwill
What are the total number of valid sales that comprise the $84,867,855 sales revenue shown on the trial balance as of 12/31/2017
Prepare the journal entry for these transactions under the cost method of accounting for treasury stock.
Assume the U.S. corporate tax rate is 35%, and that the applicable tax treaty exempts Wheelco's interest income from U.S. withholding tax. Compute Wheely's interest expense deduction.
Journalize the entries to record the foregoing transactions. If an amount box does not require an entry, leave it blank
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