Echher Corporation Uses a Job-Order Costing System and Applies Overhead

question 17

Multiple Choice

Echher Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. During the year the company's Finished Goods inventory account was debited for $218,000 and credited for $218,500. The ending balance in the Finished Goods inventory account was $13,000. At the end of the year, manufacturing overhead was overapplied by $36,700.
-If Job #461 contained 100 units,the unit product cost on the completed job cost sheet would be:

• A) $61.75
• B) $62.50
• C) $63.10
• D) $55.00

Understand the impact of additional contributions or withdrawals on the future value of investments.

Analyze investment strategies for long-term financial planning and goal setting.

Understand principles of financial mathematics and their application in calculating interest rates and returns on investments.

Calculate effective and nominal rates of interest for various compounding frequencies.

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