This is an accounting adjustment in the income statement for a vehicle sold Question : A vehicle was sold on credit for R80 000 on 30 June 2013. The debtor will pay in September 2013. No entries were made for this transaction. The details from the Fixed Assets Register were :
• Cost price, R150 000
•Accumulated Depreciation at the beginning of financial year, R60 000
•Depreciation rate is 20% p. a on cost.
Financial year ends 31 August 2013​

Wilmington company has two manufacturing departments--assembly and fabrication. it considers all of its manufacturing overhead costs to be fixed costs. the first set of data that is shown below is based on estimates from the beginning of the year. the second set of data relates to one particular job completed during the year--job bravo. estimated data assembly fabrication total manufacturing overhead costs $ 6,720,000 $ 7,280,000 $ 14,000,000 direct labor-hours 140,000 84,000 224,000 machine-hours 56,000 280,000 336,000 job bravo assembly fabrication total direct labor-hours 29 21 50 machine-hours 21 24 45 required: 1. if wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overhead would be applied to job bravo