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Bruni Inc.uses a job-order costing system in which any underapplied or overapplied overhead is closed out to cost of goods sold at the end of the month.The company has provided the following data for February:
-The cost of goods manufactured for February is closest to:
Taxable Income
The amount of income that is used to calculate an individual or a corporation's income tax due, after all deductions and exemptions.
Federal Unemployment Compensation
Financial assistance provided by the federal government to individuals who have lost their jobs.
Marginal Tax Rate
The rate at which the last dollar of a taxpayer's income is taxed, indicating the tax rate that applies to each additional dollar of taxable income.
Average Tax Rate
The percentage of total taxable income that is paid in taxes, calculated by dividing the total tax paid by the total taxable income.
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