Question Details

 When disposed of, overapplied manufacturing overhead will 



1. When disposed of, overapplied manufacturing overhead will 
A. increase Cost of Goods Sold.
B. increase Finished Goods.
C. decrease Cost of Goods Sold.
D. decrease Finished Goods.
2. When disposed of, underapplied manufacturing overhead will 
A. increase Cost of Goods Sold.
B. increase Finished Goods.
C. decrease Cost of Goods Sold.
D. decrease Finished Goods.
3. Underapplied overhead means 
A. too little overhead was applied to raw materials.
B. actual overhead is greater than estimated overhead.
C. finished goods will need to be credited.
D. there is a debit balance remaining in the overhead account.
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. To dispose of the balance in the Manufacturing Overhead account, which of the following would be correct? 
A. Cost of Goods Sold would be credited for $15,000
B. Cost of Goods Sold would be credited for $5,000
C. Cost of Goods Sold would be debited for $5,000
D. Cost of Goods Sold would be debited for $15,000
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. To dispose of the balance in the Manufacturing Overhead account, which of the following would be correct? 
A. Manufacturing Overhead would be credited for $5,000
B. Manufacturing Overhead would be credited for $20,000
C. Manufacturing Overhead would be debited for $5,000
D. Manufacturing Overhead would be debited for $20,000




Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help