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Assignment 1 for module 2
Provide the journal entry used to record each of the following transactions:
Assignment 2 Module 2
Kline Company expects to incur $600,000 in overhead costs this coming year—$100,000 in the Cut and Polish department and $500,000 in the Quality Control department. Total annual direct labor costs are expected to be $120,000. The Cut and Polish department expects to use 18,750 machine hours, and the Quality Control department plans to use 37,500 hours of direct labor time for the year.
Assignment 3 module 2
In a two- to three-page journal, consider activity-based costing (ABC) management within a manufacturing firm. Describe the purpose and extent of activity-based costing. Within the analysis explain the five steps used in activity-based costing to determine costs.
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