6:34 ACC 205 - 206 Chapter 9.... SELF-CHECK OF READING COMPREHENSION Completion In the web. supply the wing word or each of the lowing we 1. Overhead location rate and to appartie de cote 2. Nacht de chegada com te 3. Acredit balance in a departmental ansacturing where veries when the grad plied is less than the deserved 3. The besef dat de grande F TF True False mentis the 1. Totalt hard to the completed, or may become the code 3. Only twad con may be charged to the Work 4. At the end of the water is the main road and your posted to the cost sheets 3. per tot el departmental health The applied ordered trade in the de relect the covered ordered for your 7. Overapplied or undergraduate T F T F F SELF-CHECK OF READING COMPREHENSION Completion In the answer column, supply the missing word or words needed to complete each of the following statements. 1. Overhead allocation rates are used to apportion manufacturing overhead costs to specific 2. Each time an entry is made to charge overhead on a job cost sheet, the entry is also recorded in the journal 3. A credit balance in a departmental manufacturing overhead account repre. sents -overhead. overhead arises when the amount of manufacturing overhead ap- plied is less than the actual overhead expenses incurred. 5. The balances of departmental manufacturing overhead accounts are closed out at the end of each month to the account in the general ledger. 4. True-False For each of the following statements, circle T in the answer column if the state- ment is true or F if the statement is false. 1. Total actual overhead costs for each job are posted to the job cost sheet. TF 2. The manufacturing overhead to be applied to a job is computed when the job is TF completed, or it may be computed at the end of the month if the job is still in process. 3. Only actual overhead costs incurred may be charged to the general ledger Work T F in Process account. 4. At the end of the month, the entries in the manufacturing overhead applied journal TF are posted to the job cost sheets. 5. It is permissible to provide special departmental overhead applied accounts in the TF general ledger to keep the estimated costs separate from the actual overhead costs. 6. The Overapplied or Underapplied Manufacturing Overhead account in the general TF ledger reflects the cumulative overapplied or underapplied overhead for the year to date. 7. Overapplied or underapplied manufacturing overhead is shown on the balance TF sheet when preparing interim statements