Pacey Inc Uses a Job-Order Costing System in Which Any Underapplied

question 97

Multiple Choice

Pacey Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at the end of the month. In April, the company completed job X69V that consisted of 11,000 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job X69V shows the following costs: During the month, the actual manufacturing overhead cost incurred was $127,270 and 10,000 completed units from job X69V were sold. No other products were sold during the month. The unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE adjustment for any underapplied or overapplied overhead) for April is closest to:

• A)$609,000
• B)$634,700
• C)$669,900
• D)$606,700

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Definitions:

International Marketing

The practice of promoting products or services across national borders.

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An individual's attitude or preference toward past, present, or future thinking.