Performance report based on budgeted and actual levels of production bowling company budgeted the following amounts: variable costs of production: direct materials 3 pounds @ $0.60 per pound direct labor 0.5 hr. @ $16.00 per hour voh 0.5 hr. @ $2.20 foh: materials handling $6,200 depreciation $2,600 at the end of the year, bowling had the following actual costs for production of 3,800 units: direct materials $6,800 direct labor 30,500 voh 4,200 foh: materials handling 6,300 depreciation $2,600 required: 1. calculate the budgeted amounts for each cost category listed above for the 4,000 budgeted units. $ 2. prepare a performance report using a budget based on expected production of 4,000 units. enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number and if there is no entries enter "0" then select for "not applicable".

On january 1, 2018, red flash photography had the following balances: cash, $19,000; supplies, $8,700; land, $67,000; deferred revenue, $5,700; common stock $57,000; and retained earnings, $32,000. during 2018, the company had the following transactions: 1. february 15 issue additional shares of common stock, $27,000. 2. may 20 provide services to customers for cash, $42,000, and on account, $37,000. 3. august 31 pay salaries to employees for work in 2018, $30,000. 4. october 1 purchase rental space for one year, $19,000. 5. november 17 purchase supplies on account, $29,000. 6. december 30 pay dividends, $2,700. the following information is available on december 31, 2018: 1. employees are owed an additional $4,700 in salaries. 2. three months of the rental space has expired. 3. supplies of $5,700 remain on hand. 4. all of the services associated with the beginning deferred revenue have been performed. required: 1. record the transactions that occurred during the year.2. record the adjusting entries at the end of the year.3. prepare an adjusted trial balance.4. prepare an income statement, statement of stockholders’ equity, and classified balance sheet.5. prepare closing entries.

Aprofessional does specialized work that's primarily: degree based. medical or legal. well paying. intellectual and creative

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