The book value of a firm is: A. equivalent to the firm's market value provided that the firm has some fixed B. based on historical cost. C. generally greater than the market value when fixed assets are included. D. generally greater than the market value when fixed assets are included. E. generally greater than the market value when fixed assets are included.

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.

Financial information that is capable of making a difference in a decision is

Each row in a database is a set of unique information called a(n) table. record. object. field.