
EBK BUSINESS & PROFESSIONAL ETHICS FOR
8th Edition
ISBN: 8220103648523
Author: DUNN
Publisher: CENGAGE L
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Based on the following data, what is the amount of current assets?
Accounts payable
$62000
Accounts receivable
116000
Cash
66000
Intangible assets
116000
Inventory
142000
Long-term investments
161500
Long-term liabilities
199000
Short-term investments
85000
Notes payable
56500
Property, plant, and equipment
132000
Prepaid insurance
2500
Calculate the firm's estimated free cash flow
#10.
Recall that Unique Industries had estimated $1,055,000 of MOH for the year and 64,500 DL hours, resulting in a predetermined MOH rate of $14/DL hour. By the end of the year, the company had actually incurred $925,000 of MOH costs and used a total of 64,000 DL hours on jobs. By how much had Unique Industries overallocated or underallocated MOH for the year?
Part 1 Compute the underallocated or overallocated overhead. (Use parentheses or a minus sign for overallocated overhead.)
Actual MOH
–
Allocated MOH
=
(Over) Under Allocated
-
=
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