West virginia, the state with the lowest percentage of college graduates in the united states, is indicative of americans' relative indifference to higher education. is evidence of the general truth that the states with the highest percentage of college graduates are located between the rockies and the mississippi river. is one of seven u. s. states with fewer than five institutions of higher learning. demonstrates how closed higher education in the united states is compared to the rest of the world. has a higher proportion of college graduates than most european countries

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.