Question 2

For each of the journal entries below, select the description that most accurately describes it.

Group of answer choices

A. Debit: Manufacturing overhead Credit: Accounts payable

[ Choose below ]

Manufacturing overhead being allocated to jobs using a predetermined rate.

Under-applied manufacturing overhead being closed out at the end of the period.

Over-applied manufacturing overhead being closed out at the end of the period.

Manufacturing overhead costs being incurred.

B. Debit: Work in process Credit: Applied manufacturing overhead

[ Choose below ]

Manufacturing overhead being allocated to jobs using a predetermined rate.

Under-applied manufacturing overhead being closed out at the end of the period.

Over-applied manufacturing overhead being closed out at the end of the period.

Manufacturing overhead costs being incurred.

C. Debit: Cost of goods sold

Debit: Applied manufacturing overhead

Credit: Manufacturing overhead

[ Choose below ]

Manufacturing overhead being allocated to jobs using a predetermined rate.

Under-applied manufacturing overhead being closed out at the end of the period.

Over-applied manufacturing overhead being closed out at the end of the period.

Manufacturing overhead costs being incurred.

D. Debit: Applied manufacturing overhead

Credit: Manufacturing overhead

Credit: Cost of goods sold

[ Choose below ]

Manufacturing overhead being allocated to jobs using a predetermined rate.

Under-applied manufacturing overhead being closed out at the end of the period.

Over-applied manufacturing overhead being closed out at the end of the period.

Manufacturing overhead costs being incurred.