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

question 23

Multiple Choice

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 sold that appears on the income statement for February and that has been adjusted for any underapplied or overapplied overhead is closest to:

• A)$139,000
• B)$111,000
• C)$131,000
• D)$123,000

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Definitions:

Unique Goods

Items that are rare, one of a kind, or have distinctive qualities making them of special interest.

Remedy At Law

Legal means to enforce a right or redress a harm, typically involving monetary compensation rather than equitable relief.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, aiming to harmonize the law of sales and other commercial transactions across American states.

Wrongful Rejection

The unjust refusal to accept or pay for goods or services as per the terms of a contract.