labor hours for 20x1 were 140,000 , and actual overhead was $ 2,400,000 . What is the amount of under- or over-applied overhead for the year ? ( Points : 7 )
1 . ( TCO 1 ) Which of the following topics is the focus of managerial accounting ? ( Points : 7 )
Question 2.2 . ( TCO 6 ) Smile Labs develops 35mm film using a fourstep process that moves progressively through four departments . The company specializes in overnight service and has the largest drug store chain as its primary customer . Currently , direct labor , direct materials , and overhead are accumulated by department . The cost accumulation system that best describes the system that Smile Labs is using is : ( Points : 7 )
Question 3.3 . ( TCO 3 ) Kerner Manufacturing uses a process cost system to manufacture laptop computers . The following information summarizes operations relating to laptop computer model # KJK20 during the quarter ending March 31 :
Units
Direct Labor Work-in-process inventory , January 1 100 $ 50,000 Started during the quarter 500 Completed during the quarter 400 Work-in-process inventory , March 31 200 Costs added during the quarter $ 720,000 Beginning work-in-process inventory was 50 % complete for direct labor costs . Ending work-in-process inventory was 75 % complete for