Catala Inc

question 65

Multiple Choice

Catala 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 has provided the following data for March: The cost of goods manufactured for March is closest to:

• A)$127, 000
• B)$120, 000
• C)$124, 000
• D)$123, 000

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Definitions:

Significant Figures

The digits of a number that are meaningful in terms of accuracy or precision, important in scientific and mathematical calculations.

Percent

A part or other object per hundred, used in mathematics to describe how one quantity relates to another in terms of proportion or fraction.

Accurate

Definition: Precisely correct or exact in details.

Cent

The smallest denomination of currency in many countries, representing 1/100th of the basic unit of currency.