Jefferson Inc

question 22

Multiple Choice

Jefferson 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 U22T that consisted of 14,000 units of one of the company's standard products.No other jobs were in process during the month.The total manufacturing cost for job U22T according to its job cost sheet was $638,400.During the month,the actual manufacturing overhead cost incurred was $150,780 and the manufacturing overhead applied was $163,800.And during the month,4,000 completed units from job U22T 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)$195,420
• B)$169,380
• C)$638,400
• D)$625,400

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Definitions:

Groups

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Total N

Refers to the total number of observations or entities being considered in a dataset or experiment.

Expected Frequency

The forecasted count of occurrences or instances in a category or class based on the probabilities of outcomes in a statistical experiment.

Groups

Collections of subjects, items, or categories that are analyzed in research to determine the effect of certain variables.