Winston Company estimates that the factory overhead for the following year will be $1,002,400. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 35,800 hours. The total machine hours for the year were 54,700 hours. The actual factory overhead for the year was $1,553,000. Enter the amount as a positive number. a. Determine the total factory overhead amount applied. $fill in the blank fbfc5efc7011fd5_1 b. Calculate the over- or underapplied amount for the year. $fill in the blank fbfc5efc7011fd5_2 c. Prepare the journal entry to close factory overhead into Cost of Goods Sold. fill in the blank 7a0c36facfbcfce_2 fill in the blank 7a0c36facfbcfce_4

What is the most direct result of free trade supplying productive resources to areas where they're most needed? a. enhanced efficiency b. lower interest rates c. increasing specialization d. greater competition 2b2t

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.