Chapter 4, Problem 4.16E

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Xavi Industries has two production departments with distributed production overhead of $15,000 for Dept. A and $9,000 for Dept. B. Dept. A uses a total of 6,000 labor hours, while Dept. B uses 3,000 labor hours. Assuming labor hours as the allocation base, what is the overhead rate for Dept. A? a. $2.50 b. $1.80 c. $3.00 d. $2.00 e. $2.75 MCQ

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An asset was purchased for $72,000 with a salvage value of $6,000 on July 1, Year 1. It has an estimated useful life of 6 years. Using the straight-line method, how much depreciation expense should be recognized on December 31, Year 1? I need Answer

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