Survey Of Accounting
Survey Of Accounting
5th Edition
ISBN: 9781259631122
Author: Edmonds, Thomas P.
Publisher: Mcgraw-hill Education,
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Chapter 4, Problem 22P

a.

To determine

Prepare the bank reconciliation for Garage P at the end of March.

b.

To determine

Explain the manner in which the adjustments described above would affect the cash account.

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Astrid Electronics recorded overhead costs of $23,750 at an activity level of 5,000 direct labor hours and $14,250 at 3,000 direct labor hours. Records also indicate that overhead of $19,000 occurred at 4,000 direct labor hours. What is the total estimated cost for 4,000 direct labor hours using the high-low method to estimate the cost equation? a. $19,000 b. $10,540 c. $11,020 d. $10,800
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