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Question: 6 fox company manufactures a specialty line of belts the...

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6. Fox Company manufactures a specialty line of belts. The company uses a job-order costing system. Cost detail for the job follow: Units produced 5,000 belts Direct materials in the amount of $43,000 Direct labor in the amount of $18,500 The POHR was $25.00 per machine-hour (MH) and Job A10 required 400 MHs. Selling and G & A expenses of $23,000 were incurred for the month. By the end of the month Fox had sold 4,000 of these belts and overhead was over applied by a total of $5,000. The cost of goods sold for the month, computed using the direct method (including any necessary adjusting entry for over or under applied overhead) was: A) $75,200 B) $71,500 C) $57,200 D) $52,200
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