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 4.00 yards at $5.50 per yard direct labor of 2.00 hours at $19.00 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 $6.10 per yard. the labor used was 11,700 hours at an average rate of $20.50 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 negative number. enter an unfavorable variance as a positive number.

Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.

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