Dreckman Inc

question 84

Multiple Choice

Dreckman 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 August the company completed job M27K that consisted of 17, 000 units of one of the company's standard products.No other jobs were in process during the month.The total manufacturing cost for job M27K according to its job cost sheet was $1, 118, 600.During the month, the actual manufacturing overhead cost incurred was $265, 880 and the manufacturing overhead applied was $272, 000.And during the month, 1, 000 completed units from job M27K 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 August is closest to:

• A)$65, 440
• B)$1, 043, 800
• C)$1, 118, 600
• D)$65, 800

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Definitions:

Postconventional Morality

A stage of moral development where an individual's moral reasoning is based on ethical principles and universal human rights, rather than on societal rules or expectations.

Moral Reasoning

The process of determining what is right and wrong in a given situation, based on ethical principles and personal values.

Moral Reasoning

The process of determining right from wrong in a given situation, based on personal, cultural, or societal standards.

Young Adulthood

a life stage occurring from approximately the late teens to the early thirties, focusing on personal and professional development.