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Need questions 1,2 & 3. Thank you If manufacturing overhead has been under applied during the year, the adjusting entry at the end of the
Need questions 1,2 & 3. Thank you If manufacturing overhead has been under applied during the year, the adjusting entry at the end of the year will show a debit to Cost of Goods Sold debit to Manufacturing overhead debit to Work in Process Inventory. credit to Cost of Goods Sold. Bean Manufacturing reported the following information for 2012: Budgeted purchases: October $180,000 November $192,000 December $216,000 Budgeted operating expenses (each month): Salaries $75,000 Depreciation $30,000 Rent $15,000 Utilities $21,000 Operating expenses are paid during the month incurred, How much is the budgeted amount of cash to be paid for operating expenses in November? $333,000 $111,000 $303,000 $141,000 Which one of the following best describes a job cost sheet? It is used by management to understand how direct costs affect profitability. It is a daily form that management uses for tracking worker productivity on which employee raises are based. It is a form used to record the costs chargeable to a specific job and to determine the total and unit costs of the completed job. It is used to track manufacturing overhead costs to specific jobs
Need questions 1,2 & 3. Thank you
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