1.During FY 2019, Dorchester Company plans to sell Widgets for $15 a unit. Current variable costs are $5 a unit and fixed costs are expected to total of $155,000. Use this information to determinethe dollar value of sales for Dorchester to breakeven.(Round to the nearest whole dollar)

2.Baltimore Company uses a job order cost system and applies overhead based on estimated rates.The overhead application rate is based on total estimated

overhead costs of $205,000 and direct labor hours of 10,000. During the month

of February 2019, actual direct labor hours of 8,300 were incurred. Use this

information to determine the amount of factory overhead that was applied in

February.(round answer to the nearest whole dollar):

3.During March 2019, Annapolis Corporation recorded $42,200 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 $41,500 would

be incurred, and 4,000 direct labor hours would be worked.During

March, 5,250 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.)

4.On May 21, 2019, Christine worked 5.5 hours on Job A-1, and 3 hours on general

"overhead activities."Christine is paid $18 per

hour.Overhead is applied based on $20 per direct labor

hour.Additionally, on May 21 Job A-1 requisitioned and entered into

production $100 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.

5.BethesdaCompany'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 825 units. Use this information to determine

number of units completed.

6.On March1, 2019, Baltimore Company's beginning work in process inventory had 6,500 units. This is its only production department. Beginning WIP units were 50%

continue as to conversion costs. Baltimore introduces direct materials at the

beginning of the production process.During March, a total of 29,600

units were started and the ending WIP inventory had 10,200 units which were 50%

continue 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)

7.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 38,000 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 $385,000 and the total conversion cost for the

month was $358,000.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.)

8.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 20,000 units were started. At the end of the month all started units were

60% complete with respect to conversion. Direct Materials placed into

production had a total cost of $470,000 and the total conversion cost for the

month was $308,000.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.)

9.On January 1, Easton Company had cash on hand of $95,000.All of January's

$212,000 sales were on account. December sales of $234,000 were also all on

account.Experience has shown that Easton typically collects 35% 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 $162,000 for December and

$157,000 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)

10.On January 2, 2018, Baltimore Company purchased 14,000 shares of the stock of

Towson Company at $10 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 $21,000.Baltimore

Company intended this investment to a long-term investment.On December

31, 2018, Towson Company reported $65,000 of net income for FY

2018.Additionally, the current market price for Towson Company's stock

increased to $27 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.)

11.On January 2, 2018, Baltimore Company purchased 10,000 shares of the stock of

Towson Company at $12 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

$25,000.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 $23 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.)

12.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 $285,000

andMaintenancehas costs of $190,000 before any allocations.What

amount of Maintenance total cost is allocated to the Packaging

Department?(round to closest whole dollar) Employees are:

Cafeteria

Services3

Maintenance4

AssemblyDepartment11

Packaging

Department7

13.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 $5.50 per yard

Direct labor of 2.00 hours at $17.00 per hour

Overhead applied per sleeping bag at $18.00

In the month of April, the company actually produced 4,900

sleeping bags using 24,500 yards of material at a cost of $5.50 per

yard.The labor used was 11,500 hours at an average rate of $18.50 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.

14.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 5.50 yards at $5.00 per yard

Direct labor of 3.00 hours at $20.00 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 $6.10 per

yard.The labor used was 13,000 hours at an average rate of $19.50 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.

15.Selected financial information for the

Adelphi Company for the fiscal years ended December 31, 2018 and 2017

follows.do a cash flow statement using the indirect

method.Properly title the statement.

2018/2017

Cash

balance$113,500. $37,500

Net

income142,500 162,000

Depreciation

Expense42,000. 35,000

Purchase of

Plant Assets135,000. 125,000

Disposal of

Plant Assets40,000. 50,000

Gain (Loss)

on Disposal of Plant Assets(10,000). 5,000

Accounts

Receivable Balance64,500. 58,000

Accounts

Payable Balance42,000 39,000

Interest

Expense8,000. 6,000

Income

Taxes Paid35,000. 28,000

Dividends

Paid30,000. 25,000

Common

Stock Issued for Cash20,000. 0