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Figure 5-5 Tonneau Corporation Had the Following Information Available for October

Question 29

Multiple Choice

Figure 5-5 Tonneau Corporation had the following information available for October 2014:
Figure 5-5 Tonneau Corporation had the following information available for October 2014:   Factory overhead rate is 150 percent of direct labor costs. Job cost sheets had the following balances:   Jobs Z3 and Z4 were not completed at the end of December. Refer to Figure 5-5. What is the cost of goods finished during October for Tonneau Corporation? A)  $85,000 B)  $87,500 C)  $56,250 D)  $53,750 Factory overhead rate is 150 percent of direct labor costs.
Job cost sheets had the following balances:
Figure 5-5 Tonneau Corporation had the following information available for October 2014:   Factory overhead rate is 150 percent of direct labor costs. Job cost sheets had the following balances:   Jobs Z3 and Z4 were not completed at the end of December. Refer to Figure 5-5. What is the cost of goods finished during October for Tonneau Corporation? A)  $85,000 B)  $87,500 C)  $56,250 D)  $53,750 Jobs Z3 and Z4 were not completed at the end of December.
Refer to Figure 5-5. What is the cost of goods finished during October for Tonneau Corporation?


A) $85,000
B) $87,500
C) $56,250
D) $53,750

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