Parido Corporation has two manufacturing departments-Casting and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: CastingAssemblyTotalEstimated total machine-hours (MHs) 8,000 2,000 10,000Estimated total fixed manufacturing overhead cost$44,000$4,200$48,200Estimated variable manufacturing overhead cost per MH$1.90$3.00 During the most recent month, the company started and completed two jobs-Job A and Job H. There were no beginning inventories. Data concerning those two jobs follow: Job AJob HCasting machine-hours 5,400 2,600Assembly machine-hours 800 1,200Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. The amount of manufacturing overhead applied to
Job H is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $18,316
B. $18,044
C. $26,372
D. $8,328
Answer: C
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After closing the temporary owners' equity accounts into Income Summary, and after allocating the net income and closing the partners' drawing accounts, assume the partners' capital accounts had credit balances as follows: Peluso, $20,000; Odin, $30,000; Nazaro, $45,000 . Partners share profits and losses as follows: Peluso, 20%; Odin, 30%; and Nazaro, 50%. If Peluso purchased Nazaro's interest
in the partnership for $40,000 cash, the amount entered in Nazaro's capital account is a a. $5,000 debit. b. $40,000 debit. c. $40,000 credit. d. $45,000 debit.
When marketers refer to "fast-food culture", or "credit-card culture" they are referring to a cosmopolitan culture which is comprised of various segments of the population which are interconnected
Indicate whether the statement is true or false
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