Carson Inc. has provided the following data for the month of May. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Work-in-Process Finished Goods Cost of Goods Sold Total
Direct materials $5,010 $11,500 $111,320 $127,830
Direct labor 2,430 10,500 101,640 114,570
Manufacturing
overhead applied 3,200 7,200 69,600 80,000
Total $10,640 $29,200 $282,560 $322,400
Manufacturing overhead for the month was underapplied by $10,000. The company allocates any underapplied or overapplied overhead among Work-in-Process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts. The journal entry to record the allocation of any underapplied or overapplied overhead for May would include the following:
a. credit to Finished Goods of $900.
b. debit to Finished Goods of $29,200.
c. credit to Finished Goods of $29,200.
d. debit to Finished Goods of $900.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer; /// that is so (false);

answer; vertical marketing system;

answertop managers;