Amachine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 15,000 hours. it is to be depreciated by the units-of-production method. what is the amount of depreciation for the second full year, during which the machine was used 5,000 hours? $8,000 $12,000 $20,000 $21,667

Match each feature with the savings account type

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The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.