Following is the information concerning operating activity for Annette County. For the year ended June 30, the net change in total governmental fund balances was $(290,300), and the change in net position of governmental activities was $(416,400). During the year, Annette issued $2,110,000 in general obligation bonds at a premium of 102. The bonds are to be used for a construction project. The county acquired $2,860,000 in capital assets and sold capital assets with a book value of $568,500 for $581,900. At the beginning of the period, accrued liabilities were $475,500 and at the end of the period, they totaled $505,000. Depreciation on capital assets totaled $606,000. Revenue accrued for the period but not available for use totaled $370,100.
Required:
Prepare a reconciliation of the change in governmental fund balance to the change in net position of governmental activities.

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Which statement describes a monopoly? many firms produce identical products with no control over the market price. many firms produce differentiated products with control over market price. a single firm produces a product with no close substitutes and control over the market price. a single firm produces a product with many close substitutes and limited control over the market price.

White company has two departments, cutting and finishing. the company uses a job-order costing system and computes a predetermined overhead rate in each department. the cutting department bases its rate on machine-hours, and the finishing department bases its rate on direct labor-hours. at the beginning of the year, the company made the following estimates: department cutting finishing direct labor-hours 6,000 30,000 machine-hours 48,000 5,000 total fixed manufacturing overhead cost $ 264,000 $ 366,000 variable manufacturing overhead per machine-hour $ 2.00 " variable manufacturing overhead per direct labor-hour " $ 4.00 required: 1. compute the predetermined overhead rate for each department. 2. the job cost sheet for job 203, which was started and completed during the year, showed the following: department cutting finishing direct labor-hours 6 20 machine-hours 80 4 direct materials $ 500 $ 310 direct labor cost $ 108 $ 360 using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to job 203. 3. would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates?