The accountant for champion brake inc. applies overhead based on machine hours. the budgeted overhead and machine hours for the year are $260,000 and 16,000, respectively. the actual overhead and machine hours incurred were $275,000 and 20,000. the cost of goods sold and inventory data compiled for the year is as follows:
direct materials. $ 50,000
cogs. 450,000
wip (units). 100,000
finished goods (units). 150,000
what is the amount of over/underapplied overhead for the year
a. $65,000
b. $50,000
c. $15,000
d. $67,000

To be able to better compare stock performance within the same industry, similar companies are grouped into? a)market sectors b) industry blocks c) performance sectors d) average earning blocks

Josie just bought her first fish tank a 36 -gallon glass aquarium, which she’s been saving up for almost a year to buy. for josie, the fish tank is most likely what type of purchase

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)