Tevebaugh Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year: Beginning inventories: Finished goods$30,000 Estimated total manufacturing overhead at the beginning of the year$568,000 Estimated direct labor-hours at the beginning of the year 32,000direct labor-hoursResults of operations: Raw materials (all direct) requisitioned for use in production$501,000 Direct labor cost$683,000 Actual direct labor-hours 33,000direct labor-hoursManufacturing overhead: Indirect labor cost$176,000 Other manufacturing overhead costs incurred$420,000 Selling and administrative: Selling and
administrative salaries$219,000 Other selling and administrative expenses$346,000 Cost of goods manufactured$1,567,000 Sales revenue$2,498,000 Cost of goods sold (unadjusted)$1,376,000 The net operating income is: (Round your intermediate calculations to 2 decimal places.)
A. $546,750
B. $765,750
C. $1,111,750
D. $892,750
Answer: A
You might also like to view...
How can a communicator develop communication that focuses on the audience?
A) By considering barriers that will prevent the audience from listening carefully B) By stressing personal interests and areas of knowledge C) By eliminating the need for questions D) By using the same method of connecting with each audience member E) By limiting the opportunity to discuss objections
In which of the following scenarios can segmentation on the basis of customer industries be
used? A) Many manufacturers make many products bought by a single large company operating in a number of industries. B) Many manufacturers make a single product bought by a single large company which operates in different industries. C) A manufacturer makes a product bought by many small or large companies operating in different industries. D) A manufacturer makes several products bought by two or more competing companies within the same industry.
Brazil's literacy rate is not as high as the literacy rate of South Korea
Indicate whether the statement is true or false.
Which of the following is NOT an element of the disaster risk decision tree model?
A) the buyer's financial loss incurred in a supply cycle if supplier i were disrupted B) the marginal cost of managing a supplier C) the buyer's financial loss incurred in a supply cycle if all suppliers were disrupted D) the probability of a "super-event" that would disrupt all suppliers simultaneously E) the probability of a "unique-event" that would disrupt only one supplier