Gant Accounting Performs Two Types of Services, Audit and Tax

question 46

Multiple Choice

Gant Accounting performs two types of services, Audit and Tax. Gant's overhead costs consist of computer support, $300,000; and legal support, $150,000. Information on the two services is: Overhead applied to tax services using traditional costing is

• A) $150,000.
• B) $180,000.
• C) $270,000.
• D) $300,000.

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Definitions:

Intestinal Villi

Small, finger-like projections that extend into the lumen of the small intestine, greatly increasing its surface area for nutrient absorption.

Intestinal Glands

Glands located in the lining of the small and large intestines that secrete digestive enzymes and other substances to aid in digestion and nutrient absorption.

Pharynx

The muscular tube that connects the mouth and nasal passages to the esophagus and larynx, serving both respiratory and digestive functions.

Primary Teeth

The first set of teeth in the development of humans and other mammals, also known as baby or milk teeth, which are eventually replaced by permanent teeth.