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

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?

If a seller prepaid the taxes of $4,400 and the closing is set for may 19, using the 12 month/30 day method what will the buyer owe the seller as prorated taxes?

Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. the frictional unemployment rate is percent and the actual unemployment rate (in this economy) is percent.