Chapter 4, Problem 4.14E

Jigar Industries 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 $900,000, and its estimated level of activity was 40,000 direct labor-hours. The company's direct labor wage rate is $15 per hour. Actual manufacturing overhead amounted to $940,000, with actual direct labor cost of $620,000. For the year, manufacturing overhead was__. (Over-applied or Under-applied)

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Pasta Delight Company has the following data available: Net income $320,000 • Sales $3.2 million • Total asset turnover = 2.8 Equity multiplier = 2.2 Pasta Delight does not have any preferred stock outstanding. Calculate the return on assets (ROA) and return on equity (ROE) for the company.

Gross profit would be

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After adjustment for any underapplid or overaplied overhead

What was the net revenue from these two students?

Calculate the number of units that must be sold in order to realise an ??? General accounting