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ACC 3040 Week 1 Assignment 3
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ACC 3040 Week 1 Assignment 3
Problem 1
The following data (in thousands of dollars) have been taken from the
accounting records of ACME Corporation for the completed year.
Problem 2
Morrison and Company uses a predetermined overhead rate.
Overhead for the next twelve months is estimated to be $400,000. The
company applies overhead as a percentage of direct labor cost, which
is estimated to be $500,000 for the next year. During the year, actual