Capital $170 000 Land and Building $100 000
Drawings $10 000
Plant and Machinery $50 000
Trade payable $10 000
Furniture and fitting $5 000
Inventories (closing) $20 000
Motor Vehicle $10 000
Cash in hand $15 000
Loan from Jhon (5 years) $50 000
Cash at bank $40 000
Trade receivables $30 000
Bank overdraft $10 000
Bank loan $50 000
Net profit $30 000​

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.

Which of the following best describes why you need to establish goals for your program?

Match each item to check for while reconciling a bank account with the document to which it relates.(there's not just one answer)1. balancing account statement2. balancing check registera. nsf feesb. deposits in transitc. interest earnedd. bank errors