Acopy machine was purchased for $35,000. the machine is estimated to have a useful life of four years with a residual value of $3,000. it is estimated that the machine will make 2,000,000 copies. using the units-of-activity method to depreciate the copy machine, what information is needed to calculate the first year's depreciation of 550,000 copies were made

Which of the following statements accurately describes how costs and benefits are calculated?

technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f

The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.