The applied overhead of a job is more than the actual overhead and it is considered immaterial by the company. An entry to record this would involve a
A) debit to the Materials Inventory account.
B) credit to the Overhead account.
C) credit to the Cost of Goods Sold account.
D) debit to the Work in Process Inventory account.
C
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Indicate whether the statement is true or false.
If an issue of $500,000 of 8%, 10-year bonds is sold at 104, the issue was sold at a premium
Indicate whether the statement is true or false
In the simplest terms, ________ are deeds, processes, and performances.
A. Experiences B. Services C. Benefits D. Attributes E. Goods
The following information is available about the status and operations for Division B of Tallon Company, which has a minimum required ROI of 20%. Answer each item independently of the others. Division BDivisional investment$1,500,000 Divisional profit$550,000 Divisional sales$3,600,000 Required:a. Compute the residual income for Division B.b. Division B could increase its profit by $25,000 by increasing its investment by $100,000. Compute its new residual income.c. Division B could increase its profit margin ratio by one percentage point (for example: from 13% to 14%), without increasing total sales or investment. Compute its new residual income. (Round immediate calculations to three decimal places.)d. Division B could reduce its investment so that its asset turnover increased
by one time, while holding total sales and profit constant. Compute its new residual income. What will be an ideal response?