ACCOUNTING(LL)
ACCOUNTING(LL)
7th Edition
ISBN: 9781119769736
Author: Kimmel
Publisher: WILEY
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Chapter 10, Problem 30Q
To determine

Explain the important aspects of installment note.

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Walker Manufacturing uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. Last year, the company's estimated manufacturing overhead was $1,800,000, and its estimated level of activity was 60,000 direct labor-hours. The company's direct labor wage rate is $15 per hour. Actual manufacturing overhead amounted to $1,720,000, with actual direct labor cost of $930,000. For the year, manufacturing overhead was_.

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ACCOUNTING(LL)

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