Business, 06.03.2020 00:46, yasyyas646646
A company allocates overhead at a rate of 150% of direct labor cost. Actual overhead cost for the current period is $475,000, and direct labor cost is $300,000. Prepare the entry to close over- or underapplied overhead to cost of goods sold.
a. Determine whether there is over- or underapplied overhead using T-account.
b. Prepare the entry to close over- or underapplied overhead to cost of goods sold.
Answers: 3
Business, 22.06.2019 20:40, mom1645
Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.
Answers: 1
Business, 22.06.2019 23:40, broang23
8. problems and applications q8there are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the following costs: consumers' willingness to payyvette: $35cho: $15sean: $45bob: $25firms' costsfirm a: $40firm b: $20firm c: $10firm d: $30each firm has the capacity to produce only one haircut. for should be given. which businesses should cut hair? check all that apply. firm afirm bfirm cfirm dwhich consumers should have their hair cut? check all that apply. bobchoseanyvettethe maximum possible total surplus is
Answers: 3
A company allocates overhead at a rate of 150% of direct labor cost. Actual overhead cost for the cu...
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