Cerrone Inc

question 155

Multiple Choice

Cerrone Inc. has provided the following data for the month of July. The balance in the Finished Goods inventory account at the beginning of the month was $39,000 and at the end of the month was $47,000. The cost of goods manufactured for the month was $188,000. The actual manufacturing overhead cost incurred was $71,000 and the manufacturing overhead cost applied to Work in Process was $67,000. The adjusted cost of goods sold that would appear on the income statement for July is:

• A)$196,000
• B)$184,000
• C)$180,000
• D)$188,000

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Definitions:

Incentives

Rewards, financial or otherwise, designed to motivate individuals or groups to perform certain actions.

Organizational Objectives

Specific goals a company or organization aims to achieve, guiding its internal strategy and decision-making processes.

Motivate Employees

Strategies or actions undertaken to inspire and encourage workers towards achieving goals and enhancing performance.

Centralized Structures

Organizational structures where decision-making authority is concentrated at a high level, with few individuals or a single entity controlling the organization.