During 2019, Sunland Company expected Job no. 59 to cost $600000 of overhead, $520000 of materials, and $400000 in labor. Sunland applied overhead based on direct labor cost. Actual production required an overhead cost of $315000, $590000 in materials used, and $240000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead?

Belstone, inc. is a merchandiser of stone ornaments. it sold 15,000 units during the year. the company has provided the following information: sales revenue $ 520,000 purchases (excluding freight in) 338,500 selling and administrative expenses 32,000 freight in 15,000 beginning merchandise inventory 43,000 ending merchandise inventory 58,500 how much is the gross profit for the year?

Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.