A credit to the manufacturing overhead accounts represents Select one: payment of manufacturing overhead applied manufacturing overhead actual manufacturing overhead Goods transferred to finished goods Which of the following is false? A variable cost Select one: increases in total as production increases remains the same on a per unit basis as production decreases increases in total as production decreases none of these You have to decide between renting apartment A at a cost of $300 or apartment B at a cost of $500. Because apartment B is larger the utility bill will be $100 per month rather than the $50 for apartment A. You need a parking space for your car. A parking space is included in the rent for apartment A. If you rent apartment B, you will have to pay an additional $50 for parking. Your food bill is $200 and your cell phone costs you $50. What are the relevant costs in this decision? Select one: rent and utilities o rent o all the items are relevant O rent, utilities and parking XYZ Company purchased $100,000 of direct materials and $10,000 of indirect materials on account. The entry to record these purchases is: Select one: Debit raw materials inventory $100,000, debit MOH $10,000 and credit accounts payable $110,000 Debit raw materials inventory $100,000 and credit accounts payable $110,000 Debit raw materials inventory $110,000 and credit accounts payable $110,000 Debit raw materials inventory $100,000 and credit accounts payable $100,000 What are the three basic types of business organizations? Select one: O Public, private and non-profit organizations Retail, professional and manufacturing Service, merchandising and manufacturing O O Large, medium size and small ABC applies manufacturing overhead to products on the basis of direct labour hours. Estimated manufacturing overhead for the period was $1,000,000 and estimated direct labour hours was 250,000 hours. Actual manufacturing overhead was $800,000 and actual direct labour hours were 200,000 hours. The manufacturing overhead was Select one: neither underapplied nor overapplied. overapplied by $200,000 underapplied by $200,000 none of these