Question Details

Which of the following accounts is not affected by applied manufacturing overhead 



1. Which of the following would be used to transfer the cost of completed goods during the period? 
A. Credit to Raw Materials Inventory
B. Credit to Work in Process Inventory
C. Debit to Manufacturing Overhead
D. Credit to Manufacturing Overhead
2. If a company uses a predetermined overhead rate, which of the following statements is correct? 
A. Manufacturing Overhead will be debited for estimated overhead
B. Manufacturing Overhead will be credited for estimated overhead
C. Manufacturing Overhead will be debited for actual overhead
D. Manufacturing Overhead will be credited for actual overhead
3. Which of the following accounts is not affected by applied manufacturing overhead ? 
A. Raw Materials Inventory
B. Work in Process Inventory
C. Finished Goods Inventory
D. Cost of Goods Sold
4. Manufacturing overhead was estimated to be $400,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $415,000, and actual labor hours were 21,000. The amount debited to the Manufacturing Overhead account would be 
A. $400,000
B. $415,000
C. $420,000
D. $435,750
 5. Manufacturing overhead was estimated to be $400,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $415,000, and actual labor hours were 21,000. The amount credited to the Manufacturing Overhead account would be 
A. $400,000
B. $415,000
C. $420,000
D. $435,750



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