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Assume that a company uses direct labor dollars as the allocation base to compute its predetermined plantwide overhead rate of 140%. Also, assume the following
Assume that a company uses direct labor dollars as the allocation base to compute its predetermined plantwide overhead rate of 140%. Also, assume the following information from the company's schedule of cost of goods manufactured, schedule of cost of goods sold, and its income statement: Direct labor Cost of goods manufactured $ 65,000 $260,000 Actual manufacturing overhead Selling and administrative expense $84,000 $76,300 If the beginning finished goods inventory was $10,000, the ending finished goods inventory was $2,000, and net operating income was $8,000 then what is the sales? Multiple Choice $325,300 $345,300 O O $315,300 $365,300 O
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