Plasencia 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: Results of operations:
The net operating income is: (Do not round your intermediate calculations.)
A) $1,318,000
B) $1,008,000
C) $728,000
D) $1,038,000

Question

Plasencia 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:  Results of operations:
 The net operating income is: (Do not round your intermediate calculations.)
A) $1,318,000 
B) $1,008,000 
C) $728,000 
D) $1,038,000

Quizplus · Accepted Answer

The Answer of Plasencia 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:  Results of operations:
 The net operating income is: (Do not round your intermediate calculations.)
A) $1,318,000 
B) $1,008,000 
C) $728,000 
D) $1,038,000

Plasencia Corporation Is a Manufacturer That Uses Job-Order Costing