Question

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

Answer 1

D $689,250

Step-by-step 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