Question
1. State your company name and product ( My Companys Name is Detriot's Gear and Things; our products would include anything you can you could
1. State your company name and product ( My Companys Name is Detriot's Gear and Things; our products would include anything you can you could find at your local hardware store or Home depot.)
2. For each transaction, identify what it might represent in your small business(note: there are a total of 12 transactions. letter a-k and letter m). for example, if my business is a mechanic, letter c might represent the cost of window washer fluid, which is an indirect material in my business. Note- most of you should be able to find examples for all transactions, but if you think a transaction really doesn't apply to your company, please explain why.
3. Assume Manufacturing Overhead is applied based on direct labor Cost. What is the PDOHR? Briefly explain how you determined it. (1-2 Sentences should be sufficient)
4. Was the overhead underapplied or overapplied, and by how much? For your company, do you agree with the way it was closed out, or do you think there should have been a different method? Why? (1-2 Sentences should be sufficient)
Selected T-Accounts for Company X all amounts shown are in thousands 503F Sunny Selected T-Accounts for Company X all amounts shown are in thousands 503F SunnyStep by Step Solution
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