Manufacturing overhead applied $ 150,000   Actual amount of manufacturing overhead costs 120,000   Amount of overhead applied during the year that is in:     Work in Process $ 37,500 25% Finished Goods 52,500 35% Cost of Goods Sold 60,000 40% Total overhead applied $ 150,000 100%   Knowledge Check 01 If the Manufacturing Overhead account is closed to Cost of Goods Sold, the related entry will ________.   multiple choice 1 decrease the cost of goods sold by $30,000 increase the cost of goods sold by $30,000 decrease the cost of goods sold by $150,000 increase the cost of goods sold by $150,000     Knowledge Check 02 If the Manufacturing Overhead account is closed proportionally to Work in Process, Finished Goods, and Cost of Goods Sold, the related entry will include a ________.   multiple choice 2 debit to Cost of Goods Sold for $12,000 credit to Cost of Goods Sold for $12,000 credit to Cost of Goods Sold for $30,000 debit to Work in Process for $7,500

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mabled: Exam 5 Saved Assume a company manufactures many products, one of which normally sells for $48 per unit. The company's accounting syster cost for this product: Direct materials Direct labor Manufacturing overhead Total cost Per Unit $ 18 12 10 $ 40 The company estimates that $3 of its manufacturing overhead varies with respect to the number of units produced. The remainder unaffected by the volume of units produced within the relevant range. A customer has approached the company with an offer to buy 300 units of a customized version of the product mentioned above f this order using existing manufacturing capacity. To accommodate the customer's desired product design, the company would incu per unit of $3. It would also have to buy a special tool for $580 that has no other use or resale value after the special order is compl this order will not have any effect on sales to other customers, what is the financial advantage (disadvantage) of accepting the speci Multiple Choice $(300)…

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