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Sazz Ltd. produces two products A and B in three production departments (assembling, painting and sales). It also has two service departments (maintenance and cleaning).
Required: Distribute the overheads based on an adequate basis and calculate the planned overhead absorption rates using the sequential method (use the most appropriate sequence regarding interrelationships - use book for help):
- Direct labour hour rate for assembling department - Machine hour rate for the painting department- Rate per product for the sales departmentRound appropriately for currency values.
Assume also that in November 2013 Mike's home was burglarized. Mike's antique music box collection held for investment was stolen. Mike's basis in the collection was $8,000 and it was worth $15,000 at the time it was stolen.
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fair market valuedate of deathsix months laterapartment building44000004380000stock in red
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