Early in 2017, Rivers Company switched to a JIT (just-in-time) inventory system. Financial information for the two most recent years are listed here: How much did inventory turnover increase as a result of the switch to the JIT system

Warner inc. sells a high-speed retrieval system for mining information. it provides the following information for the year. budgeted actual overhead cost $965,700 $905,000 machine hours 58,570 49,200 direct labor hours 107,300 104,200 overhead is applied on the basis of direct labor hours. compute the predetermined overhead rate. predetermined overhead rate $ per direct labor hour link to text determine the amount of overhead applied for the year. the amount of overhead applied $