The estimates used to calculate the predetermined overhead rate will virtually always:

Select one:

a. prove to be correct

b. result in a year-end balance of zero in the Manufacturing Overhead account

c. result in overapplied overhead that is closed to Cost of Goods Sold if it is immaterial in amount

d. result in underapplied overhead that is closed to Cost of Goods Sold if it is immaterial in amount

e. result in either underapplied or overapplied overhead that is closed to Cost of Goods Sold if it is immaterial in amount

Exercise 4-6 the following balances were taken from the books of alonzo corp. on december 31, 2017. interest revenue $86,000 accumulated depreciation—equipment $40,000 cash 51,000 accumulated depreciation—buildings 28,000 sales revenue 1,380,000 notes receivable 155,000 accounts receivable 150,000 selling expenses 194,000 prepaid insurance 20,000 accounts payable 170,000 sales returns and allowances 150,000 bonds payable 100,000 allowance for doubtful accounts 7,000 administrative and general expenses 97,000 sales discounts 45,000 accrued liabilities 32,000 land 100,000 interest expense 60,000 equipment 200,000 notes payable 100,000 buildings 140,000 loss from earthquake damage 150,000 cost of goods sold 621,000 common stock 500,000 retained earnings 21,000 assume the total effective tax rate on all items is 34%. prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (round earnings per share to 2 decimal places, e.g. 1.48.)

Identify the three components of a family's culture and provide one example from your own experience

Select all that apply. select the ways that labor unions can increase wages. collective bargaining reducing the labor supply increasing the demand for labor creating monopolies