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Oasis Furnishings reported the following information for the year ending December 31, 2023: • • • • Credit sales during the year: $2,750,000 Accounts receivable at year-end: $400,000 Allowance for doubtful accounts at year-end: $45,000 Bad debt expense recorded during the year: $18,000 What amount will Oasis Furnishings report on its balance sheet as the net realizable value (NRV) of accounts receivable? a) $355,000 b) $400,000 c) $382,000 d) $318,000

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Vaughn Industries uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $372,000 and direct labor hours of 9,300. During the month of March 2025, actual direct labor hours of 8,100 were incurred. Use this information to determine the amount of factory overhead that was applied in March.

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