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What is the cause of overapplied or underapplied overhead

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Reference no: EM13890832

1. Why are some manufacturing firms switching from direct-labor hours to machine hours or throughput time as the basis for overhead application?

2. What is the cause of overapplied or underapplied overhead?

3. Briefly describe two ways of closing out overapplied or underapplied overhead at the end of an accounting period.

4. Describe how a large retailer such as Lowes could use EDI.

5. Explain how a Texas Instruments engineer might use bar code technology to record the time she spends on various activities.

Reference no: EM13890832

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