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Please show work! Any help would be great. Please show work if you could 10. Sparks Corporation has a cash balance of $12,300 on April

Please show work! Any help would be great. Please show work if you could

10. Sparks Corporation has a cash balance of $12,300 on April 1. The company must maintain a minimum cash balance of $10,000. During April, expected cash receipts are $56,000. Cash disbursements during the month are expected to total $64,000. Ignoring interest payments, during April the company will need to borrow:

4,300

5,700

10,000

8,000

19. Blue Corporation's standards call for 5,250 direct labor-hours to produce 1,750 units of product. During May 1,200 units were produced and the company worked 1,650 direct labor-hours. The standard hours allowed for May production would be:

5,250

1,650

3,600

4,050

22. Epley Corporation makes a product with the following standard costs:

Standard Quantity or Hours

Standard Price or Rate

Direct materials

9.5 pounds

$9.0 per pound

Direct labor

0.8 hours

$31.00 per hour

Variable overhead

0.8 hours

$14.50 per hour

In July the company produced 3,420 units using 13,680 pounds of the direct material and 2,856 direct labor-hours. During the month, the company purchased 14,440 pounds of the direct material at a cost of $35,100. The actual direct labor cost was $88,125 and the actual variable overhead cost was $39,700.

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The labor rate variance for July is:

411F

411U

3,309U

3,309F

23 Midgley Corporation makes a product whose direct labor standards are 0.6 hours per unit and $35 per hour. In April the company produced 7,700 units using 4,120 direct labor-hours. The actual direct labor cost was $86,520.

The labor efficiency variance for April is:

$17,500 U

$17,500 F

$75,180 F

$75,180 U

25. A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. Variable manufacturing overhead standards are based on machine-hours.

Standard hours per unit of output

3.60

machine-hours

Standard variable overhead rate

$10.95

per machine-hour

The following data pertain to operations for the last month:

Actual hours

8,900

machine-hours

Actual total variable manufacturing overhead cost

$95,820

Actual output

2,300

units

What is the variable overhead rate variance for the month?

$1,916 F

$1,916 U

$1,635 F

$1,635 U

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