HORNGREN'S FIN.+MGRL..:MANAG.CHP.-MYLAB
7th Edition
ISBN: 9780136503613
Author: MILLER-NOBLES
Publisher: PEARSON
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DK Industries uses a predetermined overhead rate based on machine-hours to apply overhead to the manufacturing process. Last year, DK incurred manufacturing overhead costs totaling $310,000 and used 120,000 machine-hours. This year, DK estimated manufacturing overhead to be $360,000 and expected to incur 130,000 machine-hours. DK actually incurred $375,000 of manufacturing overhead and incurred 140,000 machine-hours this year. What is the manufacturing overhead applied to production?
Can you please answer the financial accounting question?
Fresh Bites Grocery has an inventory turnover ratio of 5.8,
annual sales of $2.1 million, and a cost of goods sold of
$870,000 for the same period. What is its average
inventory?
A) $75,000
B) $150,000
C) $125,000
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