ACCT 346 Week 4 Midterm 2 ( DEVRY ) For more course tutorials visit www . tutorialrank . com Tutorial Purchased : 1 Times , Rating : B +
( TCO 2 ) During 2011 , Madison Company applied overhead using a job-order costing system at a rate of $ 12 per direct labor hours . Estimated direct labor hours for the year were 150,000 , and estimated overhead for the year was $ 1,800,000 . Actual direct labor hours for 2011 were 140,000 and actual overhead was $ 1,670,000 .
What is the amount of under or over applied overhead for the year ? 10 . Question :
( TCO 3 ) Companies in which of the following industries would not be likely to use process costing ?
=========================================
ACCT 346 Week 4 Midterm 2 ( DEVRY ) For more course tutorials visit www . tutorialrank . com Tutorial Purchased : 1 Times , Rating : B +
1 . Question :
( TCO 1 ) Which of the following is not a difference between financial accounting and managerial accounting ?
2 . Question :
TCO 1 ) Which of the following statements regarding fixed costs is true ?
3 . Question :