Toan Incuses a Job-Order Costing System in Which Any Underapplied or or Overapplied

question 17

Multiple Choice

Toan 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 September the company completed job S80M that consisted of 23, 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 S80M shows the following costs: During the month, the actual manufacturing overhead cost incurred was $270, 020 and 3, 000 completed units from job S80M 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 September is closest to:

• A)$989, 000
• B)$129, 000
• C)$129, 120
• D)$922, 300

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Definitions:

Snellen Letter Chart

A chart commonly used by eye care professionals to measure visual acuity, featuring rows of letters that decrease in size.

Funduscopic Examination

A medical procedure that involves looking at the interior surface of the eye, including the retina and optic nerve, using an instrument called an ophthalmoscope.

Red Reflex

A reddish reflection of light from the eye's retina observed during an ophthalmologic examination.

Visual Defect

An impairment in the ability to see normally, which can range from mild to severe visual limitations.