Chapter 9, Problem 9.11DMP

A business reports: • • Net income = $52,000 Total debt $260,000 = Debt ratio 40% What is the Return on Equity (ROE)?

Financial Accounting question.

cost accounting

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Ans

Harper Manufacturing uses a predetermined overhead rate based on machine hours to apply manufacturing overhead. The company estimated $180,000 in overhead and 60,000 machine hours for the year. During the year, actual overhead incurred was $190,000, and actual machine hours were 62,000. What is the overapplied or underapplied overhead for the year?

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