Chapter 1, Problem 15Q

Not use ai solution please

Please provide the answer to this financial accounting question using the right approach.

Please explain the solution of this financial accounting problem

General accounting question

I am looking for help with this general accounting question using proper accounting standards.

NO AI ANSWER

Mango Pest Control Ltd. has sales of $720,000, costs of $498,000, depreciation expense of $61,000, interest expense of $26,000, and a tax rate of 35 percent. What is the net income of the firm?

can you help me with general accounting question with correct solution ?

For Ikea Manufacturing, the predetermined overhead rate is 125% of direct labor cost. During the month, Ikea incurred $96,000 in total factory labor costs, of which $78,400 is direct labor and $17,600 is indirect labor. The actual manufacturing overhead incurred was $100,500. Compute the amount of manufacturing overhead applied during the month. Determine the amount of under- or overapplied manufacturing overhead.help