Lewis Incuses a Job-Order Costing System in Which Any Underapplied or or Overapplied

question 35

Multiple Choice

Lewis 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 October the company completed job P70C that consisted of 25,000 units of one of the company's standard products.No other jobs were in process during the month.The job cost sheet for job P70C shows the following costs: During the month,the actual manufacturing overhead cost incurred was $334,500 and 13,000 completed units from job P70C were sold.No other products were sold during the month.
-The cost of goods sold that would appear on the income statement for October,after adjustment for any underapplied or overapplied overhead,is closest to:

• A)$1,364,480
• B)$704,500
• C)$725,500
• D)$1,375,010

Acknowledge the impact of environmental factors on intelligence.

Grasp the importance of emotional intelligence and its components.

Differentiate among various views and theories of intelligence.

Assess the influence of sociohistorical context on intelligence research and theories.

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Definitions:

Technology System Gaps

Refers to the discrepancies or deficiencies in an organization's technological systems, which can impact operational efficiency and competitiveness.

SCM Supports

The systems, tools, and practices that aid in managing the flow of goods and services from suppliers to customers in the supply chain management process.

Strategic Planning

A long-term, goal-oriented process of identifying priorities, aligning resources, and devising a coherent organizational action plan.

Tactical Planning

The process of developing short-term actions and strategies that are aligned with an organization's longer-term goals and strategic plan.