The maxit corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. the following data are available for july: actual variable manufacturing overhead cost incurred: $11,310 actual machine-hours worked: 1,600 hours variable overhead rate variance: $1,710 u total variable overhead spending variance: $2,310 u the standard number of machine-hours allowed for july production is closest to: a. 1,600 hours b. 1,700 hours c. 1,300 hours d. 1,500 hours.

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."