Robert Entertains Several of His Key Clients on January 1

question 140

Multiple Choice

Robert entertains several of his key clients on January 1 of the current year. Expenses paid by Robert are as follows: ​
Presuming proper substantiation, Robert's deduction is:

• A)$610.
• B)$640.
• C)$740.
• D)$1,220.
• E)None of these.

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Definitions:

Actual Overhead

The real costs incurred from indirect materials, labor, and expenses for manufacturing or service provision, as opposed to budgeted overhead.