Westgaard Inc

question 71

Essay

Westgaard 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 March the company completed job G87M that consisted of 22, 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 G87M shows that the job's total cost was $1, 179, 200.During the month, the actual manufacturing overhead cost incurred was $323, 840 and the manufacturing overhead cost applied was $347, 600.And during the month, 4, 000 completed units from job G87M were sold.No other products were sold during the month.
Required:
Determine the unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE adjustment for any underapplied or overapplied overhead)for March.Show your work!

Distinguish between various software deployment and installation options.

Understand the principles of the business judgment rule and its protections for corporate managers.

Identify the legal and ethical responsibilities of corporate managers and directors, including duties of loyalty and care.

Comprehend the legality and implications of insider trading, including the role of tipper and tippee.

---

Definitions:

Instinctual

Instinctual refers to behaviors and responses that are innate or inherent to an organism, not learned through experience.

Auditory Communication

refers to the exchange of information through verbal language and sounds that can be heard.

Linguistic Relativity Hypothesis

The concept that the structure of a language influences its speakers' world view or cognition, and thus people's perceptions are relative to their spoken language.

Cognitive Linguistic Hypothesis

A theory suggesting that language influences or shapes the speaker's worldview and cognitive processes.