Manufacturing Overhead Has an Underallocated Balance of $16,000; Raw Materials

question 300

Multiple Choice

Manufacturing overhead has an underallocated balance of $16,000; raw materials inventory balance is $150,000; work in process inventory is $130,000; finished goods inventory is $120,000; and cost of goods sold is $180,000. After adjusting for the underallocated manufacturing overhead, what is cost of goods sold?

• A) $196,000
• B) $16,000
• C) $180,000
• D) $164,000

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Definitions:

Stimulus Generalization

The tendency for the conditioned response to be evoked by stimuli that are similar to the stimulus that was initially conditioned.

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A type of learning that occurs through observing the behaviors of others and the outcomes of those behaviors, without direct instruction.

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The process of acquiring new understanding, knowledge, behaviors, skills, values, attitudes, or preferences through study, experience, or teaching.