Ask Question
12 November, 02:28

Slim Technology Inc. records the following amounts before reconciling the overhead variance. Applied overhead $567,000 Actual overhead 555,000 Normal cost of goods sold 701,250 Calculate the cost of goods sold for Slim Technology Inc. after adjusting for any overhead variance. $677,250 $12,000 $701,250 $689,250

+5
Answers (1)
  1. 12 November, 05:30
    0
    D $689,250

    Explanation:

    Overhead Variance = Applied overhead - actual overhead = $567,000 - $555,000 = $12,000 (under applied)

    Therefore the cost of Goods sold = 701,250 - 12,000 = $689,250
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Slim Technology Inc. records the following amounts before reconciling the overhead variance. Applied overhead $567,000 Actual overhead ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers