Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $420,000, and direct labor costs to be $2,100,000. Actual overhead costs for the year totaled $395,000, and actual direct labor costs totaled $1,850,000. At year-end, the balance in the Factory Overhead account is a:

To be able to better compare stock performance within the same industry, similar companies are grouped into? a)market sectors b) industry blocks c) performance sectors d) average earning blocks

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In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?