York's outstanding stock consists of 13,000 shares of nonwmulative 9.20% preferred stock with a $10 par
value and also 32,500 shares of oommon stick with a $1 par value. During its rst four years of operation,
the corporation dedarad and paid the followin
2&3. Enter the eurerhead nests incurred and the amounts applied during the year using the predetermined
mired-lead rate and determine whether memeed is everepplied er underepplied.
Underapplied evalheed J
b. Manager oi 1he Mailer department.
Raw materials 271an s 274an
Employee wages 206,2cfw_109 magma.)
*Rgd tart indicates no response was expected in a cell EH' 3 formula-based calculatiun is incorrect; nu puim deducted.
1. Prepare responsibility accounting performance reports that list oosts controlled by the following. In each
report, include the budgeted and actual costs and show the amount that ead'l actual omit is weror
under the budgeted amount.
Billie Whitehorse. the plant manager of Travel Free's Indiana plant. is responsible for all of that plants costs
other than her own salary. The plant has two operating departments and one service department. The
camper and trailer operating departments ma
Prepare jou ma] entries to record the following four separate issuances of stock.
'I. A corporation issued 5,000 shares of $20 par value common stark for$120.000 cash.
2. A corporation issued 2,500 shares of rho-par common stock to its promoters in exchan
cfw_me- following mmm applies to the quesnrms displayed below
In December 2014, Custom Mfg. esiabllshed Its predeterrnlned ovemead rate forjobs produoed durlng year
2015 by ualng the following cost predlotlons: overhead costs. 5560.000. and dlrect labor c