13) During March 2019, Annapolis Corporation recorded $40,800 of costs related to factory overhead.Alpha's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $43,300 would be incurred, and 5,000 direct labor hours would be worked.During March, 5,750 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under applied.(Round answers to the nearest whole dollar.Enter as a positive number if under applied.Enter as a negative number if over applied.)

14) On May 21, 2019, Christine worked 4.0 hours on Job A-1, and 3 hours on general "overhead activities."Christine is paid $16 per hour.Overhead is applied based on $27 per direct labor hour.Additionally, on May 21 Job A-1 requisitioned and entered into production $150 of direct material.On May 21, Christine, while working on Job A-1 used $27 of indirect material.Indirect material is included in the overhead application rate.Use this information to determine thetotal cost that should have been recorded in the Work in Process for Job A-1 on May 21?Round your answer to the closest whole dollar.

15) Bethesda Company's April 1, 2019 beginning work in process was 650 units. During April an additional 2,100 units were put into production. At the end of April all units were completed except for 925 units. Use this information to determine number of units completed.

16) On March 1, 2019, Baltimore Company's beginning work in process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Baltimore introduces direct materials at the beginning of the production process.During March, a total of 28,000 units were started and the ending WIP inventory had 7,000 units which were 70% complete as to conversion costs.Baltimore uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs. (Round answer to the nearest whole number of units)

17) On March 1, 2019,Annapolis Company has a beginning Work in Process inventory of zero.All materials are added into production at the beginning of its production.There is only one production WIP inventory.During the month 34,000 units were started. At the end of the month all started units were 70% complete with respect to conversion. Direct Materials placed into production had a total cost of $330,000 and the total conversion cost for the month was $488,000.Annapolis uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of direct material for the month of March. (Round answer to the nearest cent.)

18) On March 1, 2019,Annapolis Company has a beginning Work in Process inventory of zero.All materials are added into production at the beginning of its production.There is only one production WIP inventory.During the month 36,000 units were started. At the end of the month all started units were 55% complete with respect to conversion. Direct Materials placed into production had a total cost of $380,000 and the total conversion cost for the month was $363,000.Annapolis uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of conversion for the month of March. (Round answer to the nearest cent.)

19) On January 1, Easton Company had cash on hand of $115,000.All of January's $248,000 sales were on account. December sales of $210,000 were also all on account.Experience has shown that Easton typically collects 30% of receivables in the month of the sale and the balance the following month.All materials and supplies are purchased on account and Easton has a history of paying for half of these purchases in the month of purchase and half the following month.Such purchases were $174,000 for December and $163,000 for January.All other expenses including wages are paid in the month incurred.These amounted to $42,000 in December and $72,000 in January.Use this information to determine the projected ending balance of cash on hand for January. (Round answer to the nearest whole dollar)

20) On January 2, 2018, Baltimore Company purchased 16,000 shares of the stock of Towson Company at $15 per share.Baltimore obtained significant influence as the purchase represents a 35% ownership stake in Towson Company.On August 1, 2018, Towson Company paid cash dividends of $23,000.Baltimore Company intended this investment to a long-term investment.On December 31, 2018, Towson Company reported $55,000 of net income for FY 2018.Additionally, the current market price for Towson Company's stock increased to $18 per share at the end of the year.Use this information to determine, how much Baltimore Company should report for its investment in Towson Company on December 31, 2018. (Round to the nearest dollar.)

21) On January 2, 2018, Baltimore Company purchased 7,000 shares of the stock of Towson Company at $15 per share.Baltimore did NOT obtain significant influence as the purchase represents a 5% ownership stake in Towson Company.On August 1, 2018, Towson Company paid cash dividends of $27,000.Baltimore Company intended this investment to a long-term investment.On December 31, 2018, Towson Company reported $50,000 of net income for FY 2018.Additionally, the current market price for Towson Company's stock increased to $19 per share at the end of the year.Use this information to determine, how much Baltimore Company should report for its investment in Towson Company on December 31, 2018. (Round to the nearest dollar.)

22) Frederick Company has two service departments (Cafeteria Services & Maintenance).Frederick has two production departments (Assembly Department & Packaging Department.)Frederick uses a step allocation method where Cafeteria Services is allocated to all departments and Maintenance Services is allocated to the production departments.All allocations are based on total employees.Cafeteria Services has costs of $260,000 andMaintenancehas costs of $250,000 before any allocations.What amount of Maintenance total cost is allocated to the Packaging Department?(round to closest whole dollar) Employees are:

Cafeteria Services4

Maintenance4

AssemblyDepartment7

Packaging Department8

23) 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 6.00 yards at $5.25 per yard

Direct labor of 2.50 hours at $19.00 per hour

Overhead applied per sleeping bag at $18.00

In the month of April, the company actually produced 4,900 sleeping bags using 25,800 yards of material at a cost of $5.90 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.

Determine 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.

24) 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 6.00 yards at $5.50 per yard

Direct labor of 3.00 hours at $18.00 per hour

Overhead applied per sleeping bag at $18

In the month of April, the company actually produced 5,100 sleeping bags using 26,800 yards of material at a cost of $5.50 per yard.The labor used was 13,750 hours at an average rate of $20.50 per hour.The actual overhead spending was $96,200.

Determine the labor quantity variance and round to the nearest whole dollar.Enter a favorable variance as a negative number.Enter an unfavorable variance as a positive number.

25) Selected financial information for the Adelphi Company for the fiscal years ended December 31, 2018 and 2017 follows.Prepare a cash flow statement using the indirect method.Properly title the statement.

2018 2017

Cash balance $113,500 $37,500

Net income 142,500 162,000

Depreciation Expense 42,000 35,000

Purchase of Plant Assets 135,000 125,000

Disposal of Plant Assets 40,000 50,000

Gain (Loss) on Disposal of Plant Assets (10,000) 5,000

Accounts Receivable Balance 64,500 58,000

Accounts Payable Balance 42,000 39,000

Interest Expense 8,000 6,000

Income Taxes Paid 3 35,00 28,000

Dividends Paid 30,000 25,000

Common Stock Issued for Cash 20,000 0