X Manufacturing uses a normal cost system and had the following data available for 20x8: Direct materials purchased on account $148,000 Direct materials requisitioned 98,000 Direct labor cost incurred 127,000 Factory overhead budgeted 155760 Factory overhead incurred 137,800 Cost of goods sold 260,000 Beginning direct materials inventory 34,000 Beginning WIP inventory 70,000 Beginning finished goods inventory 55,000 Ending finished goods inventory 104,000 Overhead application rate, as a percent of direct-labor costs 118% Round your answers to the nearest dollar. Fill in the blank without $ or comma or period, e. g., 12345 What is the adjusted cost of goods sold assuming the over/under applied overhead is immaterial?

Adjusted cost of goods sold = $247,940

Explanation:

Under / Over-applied overhead = Factory overhead incurred - Factory overhead applied

Under / Over-applied overhead = Factory overhead incurred - (Direct labor cost*Overhead application rate)

= $137,800 - ($127,000*118%)

Over-applied overhead = $137,800 - $149,860

Over-applied overhead = ($12,060)

Adjusted cost of goods sold = Unadjusted cost of goods sold - Over-applied overhead

Adjusted cost of goods sold = $260,000 - $12,060

Adjusted cost of goods sold = $247,940

if it is for a job, then you should learn everything you can about the job, like what does it involve, what qualification is required and how you are the right person for that job. dress appropriately for the interview. get plenty of rest the night before. good luck!

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it