Burghardt Inc

question 34

Multiple Choice

Burghardt Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed out to cost of goods sold at the end of the month. The company's cost of goods manufactured for January was $249,000 and its beginning and ending inventories were: During the month, the manufacturing overhead cost incurred was $79,000 and the manufacturing overhead cost applied was $80,000. The cost of goods sold that appears on the income statement for January and that has been adjusted for any underapplied or overapplied overhead is closest to:

• A)$249,000
• B)$259,000
• C)$238,000
• D)$261,000

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Definitions:

Trenches

Long, narrow ditches used in warfare to protect soldiers from enemy fire, or metaphorically, to denote being deeply immersed in a challenging or demanding situation.

Socialization Process

The process by which individuals learn the values, norms, and required behaviors which are necessary for participating within their society or specific groups.

Strong Cultures

Organizational environments characterized by deeply shared values, beliefs, and norms that influence behavior of members.

Pathological Cultures

Organizational cultures that are unhealthy or dysfunctional, often hindering performance and well-being.