The accounting records of omar company contained the following information for last year:
beginning
ending
direct materials
$9,000
$7,000
work in process
$17,000
$31,000
finished goods
$10,000
$15,000
manufacturing costs incurred
direct materials
$72,000
overhead
$24,000
direct labor cost (10,000
$80,000

$10,000

$12,000

$8,000
cost of goods
$157,000*
*
selling and administrative costs incurred

$35,000

$20,000

$25,000
3. if omar company applies overhead to jobs on the basis of direct labor hours and job 3 took 120 hours, how much overhead should be applied to that job?
$528
$960
$360
$288
4. the cost of goods manufactured for the year (prior to any under/over-applied adjustments) was:
$135,000
$190,000
$162,000
$168,000

Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.

After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?

Interpreting the income tax expense footnote the income tax footnote to the financial statements of fedex corporation follows. the components of the provision for income taxes for the years ended may 31 were as follows: ($ millions) 2010 2009 2008 current provision domestic federal $ 36 $ (35) $ 514 state and local 54 18 74 foreign 207 214 242 297 197 830 deferred provisions (benefit) domestic federal 408 327 31 state and local 15 48 (2) foreign (10) 7 32 413 382 61 provision for income taxes $ 710 $ 579 $ 891 (a)what is the amount of income tax expense reported in fedex's 2010, 2009, and 2008 income statements?