For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. a. The payment of an insurance premium of $ 9,800 for a three-year policy was debited to Prepaid Insurance for $ 9,800 and credited to Cash for $ 8,900.
b. A payment of $ 350 on account was debited to Accounts payable for $ 530 and credited to Cash for $ 530.
c. A purchase of supplies on account for $ 2, 900 was debited to Supplies for $ 2, 900 and debited to Accounts Payable for $ 2, 900.

Problem 2-18 job-order costing for a service company [lo2-1, lo2-2, lo2-3]speedy auto repairs uses a job-order costing system. the company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly wages. speedy's overhead costs include various items, such as the shop manager's salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 10,000fixed overhead cost $ 90,000variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate.2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 600direct labor cost $ 180direct labor-hours used 2 compute mr. wilkes' total job cost. 3. if speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged mr. wilkes?

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

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.