Armour, Inc., an advertising agency, applies overhead to jobs on the basis of direct professional labor hours. Overhead was estimated to be $160,000, direct professional labor hours were estimated to be 20,000, and direct professional labor cost was projected to be $360,000. During the year, Armour incurred actual overhead costs of $159,000, actual direct professional labor hours of 19,500, and actual direct labor cost of $265,000. By year-end, the firm's overhead was.

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Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

If you miss two payments on a credit card what is generally the penalty