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
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 $5,20 per yard
Direct labor of 2,50 hours at $16,00 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 $5,90 per yard.The labor used was 11,700 hours at an average rate of $17,50 per hour.The actual overhead spending was $96,200.
Determine the total materials variance and round to the nearest whole dollar.Enter a favorable variance as a positive number.Enter an unfavorable variance as a negative number.
On March 21, 2021, Christine worked 6,0 hours on Job A-1, and 3 hours on general "overhead activities."Christine is paid $19 per hour.Overhead is applied based on $29 per direct labor hour.Additionally, on March 21 Job A-1 requisitioned and entered into production $190 of direct material.On March 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 March 21?Round your answer to the closest whole number (no cents).
The Common Stock account for Baltimore Corporation on January 1, 2020 was $65 000.On July 1, 2020 Baltimore issued an additional 10 000 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 on July 2 and net income was $110 000.Use this information to determine for December 31, 2020 the amount ofEarnings per Share (rounded to the nearest cent).
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