Reference no: EM132964692

Questions -

Q1. 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.

Q2. 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 the total 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).

Q3. ?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 of Earnings per Share (rounded to the nearest cent).