Denherder Inc

question 89

Multiple Choice

Denherder Inc. has provided the following data for the month of November. 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 underapplied by $5,000.
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 finished goods inventory at the end of November after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to:

• A)$50,840
• B)$50,848
• C)$52,632
• D)$52,640

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Definitions:

Framing

The way information is presented or structured, influencing perception and decision-making.

Overestimating

The action of assessing something or someone as greater, larger, or more important than it is in reality.

Over-optimism

The tendency to be too confident or hopeful about future events or outcomes, often leading to underestimating risks.

Prospects

Potential customers or clients who have shown interest in a company's product or service.