Hill Mfg. provided the following information from its accounting records for 2008: Expected production 30,000
labor hours Actual production 28,000
labor hours Budgeted overhead $900,000
Actual overhead $870,000
How much is the overhead application rate if Barr bases the rate on direct labor hours?a. $32.14 per hourb. $30.00 per hourc. $31.07 per hourd. $29.00 per hour

Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.