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Accounting Firm employs full-time accountants and five bookkeepers. For the current year indirect costs were budgeted at $205,000, but actually amounted to $300,000. Direct and
Accounting Firm employs full-time accountants and five bookkeepers. For the current year indirect costs were budgeted at $205,000, but actually amounted to $300,000. Direct and indirect costs are applied on a accountants and bookkeepers labour-hour basis. Total budgeted labourhours were 20,000; however, actual labour-hours were 25,000. ANS BLANK 1. What is the overhead applied to jobs if the law office uses normal costing? ANS BLANK 2. What is the overhead applied to a 500 hour job if the law office uses actual costing? Blank \# 1 A Blank \# 2 A
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