Staniszewski Inc. has provided the following data for the month of March. 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 $1,000.
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 March after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:
Definitions:
Request For Tender
A formal, structured invitation to suppliers to submit a bid to supply products or services.
Defined Scope Of Work
A detailed description of the tasks, deliverables, timelines, and expectations for a project, agreed upon by stakeholders.
Procurement Organization
An entity or department within a company responsible for acquiring goods, services, and contracts to meet the needs of its operations.
RFQs
Requests For Quotations, documents issued by a buyer to suppliers, asking them to provide a price quote for a specified product or service.
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