On june 1, 2014, puell company acquired 100% of the stock of sorrell inc on this date, puell had retained earnings of $100,000 and sorrell had retained earnings of $50,000.on december 31, 2014, puell had retained earnings of $120,000 and sorrell had retained earnings of $60,000. the amount of retained earnings that appeared in the december 31, 2014 consolidated balance sheet was

Warner inc. sells a high-speed retrieval system for mining information. it provides the following information for the year. budgeted actual overhead cost $965,700 $905,000 machine hours 58,570 49,200 direct labor hours 107,300 104,200 overhead is applied on the basis of direct labor hours. compute the predetermined overhead rate. predetermined overhead rate $ per direct labor hour link to text determine the amount of overhead applied for the year. the amount of overhead applied $