Hasting Inc

question 7

Multiple Choice

Hasting 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 January the company completed job R96V that consisted of 21, 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 R96V shows the following costs: During the month, the actual manufacturing overhead cost incurred was $345, 030 and 15, 000 completed units from job R96V 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 January is closest to:

• A)$984, 900
• B)$781, 950
• C)$765, 000
• D)$1, 071, 000

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Definitions:

Neutral Words

Words that do not convey strong positive or negative emotions and are impartial or unbiased.

Direct Inform

Providing information in a straightforward and unambiguous manner, typically involving clear, concise language.

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The process of composing a communication that makes a request or demands action, typically based on a right or agreement.

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A connection between people that is characterized by mutual respect, trust, support, and positive communication.