Tevebaugh 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:
A) $892,750
B) $765,750
C) $546,750
D) $1,111,750

Question

Tevebaugh 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:
A) $892,750 
B) $765,750 
C) $546,750 
D) $1,111,750

Quizplus · Accepted Answer

The Answer of Tevebaugh 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:
A) $892,750 
B) $765,750 
C) $546,750 
D) $1,111,750

Tevebaugh Corporation Is a Manufacturer That Uses Job-Order Costing