Foxmoor Company applies manufacturing overhead by using a predetermined rate of 50% of direct labor cost. The data that follow pertain to job no. 764: Direct material cost$55,000 Direct labor cost 80,000?If Foxmoor adds a 40% markup on total cost to generate a profit, which of the following choices depicts a portion of the accounting needed to record the sale of job no. 764? Account DebitedAmountA.Cost of Goods Sold$175,000 B.Cost of Goods Sold$245,000 C.Finished-Goods Inventory$175,000 D.Finished-Goods Inventory$245,000 E.Sales Revenue$245,000
A. Choice A
B. Choice B
C. Choice C
D. Choice D
E. Choice E
Answer: A
You might also like to view...
Alex has set a goal for Haley to sell 25 gym memberships this month. Alex realizes that Haley may feel apprehensive about trying to sell such a large amount of memberships in one month, but she believes the challenge will motivate her into achieving the goal. This scenario reflects which characteristic of goal setting theory?
a. Specific goals b. Difficult goals c. Goal acceptance and commitment d. Feedback
The preliminary hearing is the first time the defendant appears before a judge
a. True b. False
Sometimes called a sensitivity analysis, a what-if analysis allows you to study how changing one or more values affects the results. Please briefly describe the following terms related to performing a what-if analysis: decision variables, constants, and output variables.
What will be an ideal response?
The challenge for the future of the European Union is to:
A. absorb its eastern neighbors. B. have common custom duties. C. have unified industrial and commercial policies. D. be able to manufacture high-quality, low-cost goods.