Entries by mary WAMBUGU

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 6.00 yards at $6.00 per yard

August 30, 2019 in /by

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 6.00 yards at $6.00 per yard Direct labor of 3.00 hours at $20.00 per hour Overhead applied per sleeping bag at $18.00 In the month of April, the company actually produced […]

 

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Explain whether you agree or disagree with the following statement: “For every control selected for testing, the internal auditor requires the same quality

August 30, 2019 in /by

Explain whether you agree or disagree with the following statement: “For every control selected for testing, the internal auditor requires the same quality (relevance and reliability) and quantity (sufficiency) of audit evidence” A yes or no answer is not sufficient. Need to explain why. Please provide an example in your response.    Looking for a Similar Assignment? […]

 

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Cardi Company manufactures 20,000 units of wheel sets for use in its annual production. Costs are as follows: direct materials are $30,000; direct labor is $70,000; variable overhead is $35,000;

August 30, 2019 in /by

Cardi Company manufactures 20,000 units of wheel sets for use in its annual production. Costs are as follows: direct materials are $30,000; direct labor is $70,000; variable overhead is $35,000; and fixed overhead is $60,000. Bowie Company has offered to sell Cardi 20,000 units of wheel sets for $9 per unit. If Cardi accepts the […]

 

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Triple Tango Track leases exercise equipment to its customers under direct-financing leases. Typically the equipment has no residual value at the end of the leases and the contracts call for payments

August 30, 2019 in /by

Triple Tango Track leases exercise equipment to its customers under direct-financing leases. Typically the equipment has no residual value at the end of the leases and the contracts call for payments at the beginning of each year. Triple Tango Track’s target rate of return is 10%. On a five year-lease of equipment with a fair value of $485,100, […]

 

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