Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $121,500 and $125,900, respectively. During the year, actual overhead was $108,300 and actual direct labor cost was $112,500. The entry to close the over- or underapplied overhead at year-end, assuming an immaterial amount, would include

Technology corp. is considering a $238,160 investment in a new marketing campaign that it anticipates will provide annual cash flows of $52,000 for the next five years. the firm has a 6% cost of capital. what should the analysis indicate to the firm's managers?

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.

If an investment has 35 percent more nondiversifiable risk than the market portfolio, its beta will be: