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 4.50 yards at $5.50 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 24,300 yards of material at a cost of $5.30 per yard.The labor used was 11,500 hours at an average rate of $17.50 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 5.50 yards at $5.50 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 $5.30 per yard.The labor used was 13,250 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.

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 35,000 28,000

Dividends Paid 30,000 25,000

Common Stock Issued for Cash 20,000 0