Problem regarding predetermined overhead rate
In October, Falk Inc. reports 42,000 actual direct labor hours, and it incurs $194,000 of manufacturing overhead costs. Standard hours allowed for the work done is 40,000 hours. Falk's predetermined overhead rate is $5.00 per direct labor hour.
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In 2013, Market, LLC reported ordinary business income of $120,000 and a Sec 179 deduction of $30,000. In addition, Aria received a distribution of $5,000. 1. What amount of loss from Market, LLC is Aria able to deduct on her individual tax return
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