During 2019, Sheridan Company expected Job no. 59 to cost $200000 of overhead, $500000 of materials, and $100000 in labor. Sheridan applied overhead based on direct labor cost. Actual production required an overhead cost of $195000, $660000 in materials used, and $310000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead

The owner of firewood to go is considering buying a hydraulic wood splitter which sells for $50,000. he figures it will cost an additional $100 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $125. if, for this machine, design capacity is 50 cords per day, effective capacity is 40 cords per day, and actual output is expected to be 32 cords per day, what would be its efficiency?