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Musa Corporation is a manufacturer that uses normal job-order costing. The company closes out any over-allocated or under-allocated overhead to Cost of Goods Sold at
Musa Corporation is a manufacturer that uses normal job-order costing. The company closes out any over-allocated or under-allocated overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for 2019: $638,250 Budgeted total manufacturing overhead Budgeted direct labor-hours 37,000direct labor-hours Actual results of operations for 2019: Actual direct labor-hours 34.000direct labor-hours Indirect labor cost Other manufacturing overhead costs incurred Cost of goods manufactured Cost of goods sold (unadjusted) A A A A 148.000 450,000 1,611,000 1,518,000 The adjusted Cost of Goods Sold for 2019 is: O $1,642,000 $1,506,500 O $1,518,000 O $1,529,500
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