Chapter 12, Problem 1CA

Can you solve this general accounting problem using accurate calculation methods?

Can you demonstrate the accurate method for solving this financial accounting question?

Can you solve this financial accounting question with the appropriate financial analysis techniques?

I need help solving this general accounting question with the proper methodology.

Gabbana Manufacturing estimated that machine hours for the year would be 30,000 hours and overhead (all fixed) would be $150,000. Gabbana applies its overhead on the basis of machine hours. During the year, all overhead costs were exactly as planned ($150,000). There was $12,000 in over-applied overhead. How many machine-hours were worked during the period? Help

Accurate answer

Maria's net income was $1,240, and her gross income was $1,750. What was the total amount of deductions? Provide answer

What is the amount of net income during 2023?

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