Conroy Company Had Sales of $50,000,increase in Accounts Payable of $4,000,decrease

question 12

Multiple Choice

Conroy Company had sales of $50,000,increase in accounts payable of $4,000,decrease in accounts receivable of $3,000,tax expense of $5,000,and an increase in taxes payable of $1,000.What was the cash outflow for taxes?

• A)$54,000
• B)$4,000
• C)$6,000
• D)$53,000
• E)$45,000

Calculate the predetermined overhead rate based on estimated and capacity levels.

Identify the role of machine-hours and other allocation bases in overhead rate calculation.

Understand the financial implications of basing overhead rates on estimated vs. capacity activity levels.

Calculate the estimated total manufacturing overhead for the year.

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