Manufacturing Overhead Control represents actual overhead costs incurred. has a normal debit balance is a control account with a subsidiary ledger detailing the components of man ufacturing overhead All of the above c. Which of the following accounts is not classified as an asset? Manufacturing Overhead Control Materials Control Work-in-Process Control Finished Goods Control A company that manu factures dentures for use by local dentists would use process costing. personal costing. operations costing. d. job costing. The Precision Widget Company had the following balances in their accounts at the end of the accounting period: Work-in-Process Finished Goods Cost of Goods Sold S 5,000 20,000 200,000 If their manufacturing overhead was overal located by $8,000 and Precision Widget adjusts their accounts using a proration based on total ending balances, the revised ending balance for Cost of Goods Sold would be S192, 880 $200, 000 S207,120. S208,000. Liberty Box Company calculated an indirect-cost rate of S12.50 per labor hour for fringe benefits for use in their normal costing system. At the end of the year, the actual cost of fringe benefits was $980,000. The total of labor hours worked for the year was the same amount as budgeted, 70,000 hours. If Job #640 required the use of 15 labor hours and the company used the adjusted allocation rate approach, by what amount would the cost of Job #640 change? S560.00 281.25 S22.50 S20.50