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