Joens Inc Has Provided the Following Data for the Month of of July

question 49

Multiple Choice

Joens Inc. has provided the following data for the month of July. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Manufacturing overhead for the month was overapplied by $2,000.
The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts.

-The cost of goods sold for July after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:

• A)$51,320
• B)$47,320
• C)$50,280
• D)$48,360

Understand the role and impact of financial institutions and policies on personal finance.

Understand the role and functions of the Federal Reserve System.

Identify the stages of the adult life and financial needs cycle.

Recognize the components of financial planning including obtaining, saving, sharing, protecting, and borrowing.

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Definitions:

Central Nervous System

The part of the nervous system that consists of the brain and spinal cord, responsible for integrating sensory information and responding accordingly.

Peripheral Nervous System

The portion of the nervous system that lies outside the brain and spinal cord, consisting of nerves and ganglia, involved in connecting the central nervous system to the rest of the body.

Somatic Nervous System

A component of the peripheral nervous system responsible for the voluntary regulation of body movements through skeletal muscles.

Epinephrine

A biochemical substance, also referred to as adrenaline, that functions both as a hormone and a neurotransmitter, playing a pivotal role in initiating the body's fight-or-flight reaction.