Cwn company uses a job order costing system and last period incurred $90,000 of actual overhead and $100,000 of direct labor. cwn estimates that its overhead next period will be $65,000. it also expects to incur $100,000 of direct labor. if cwn bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be: a. 65%b. 90%c. 138%d. 111%e. 154%.

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units.required: prepare a production budget by month and in total, for the second quarter.

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?