Remaining Time-hour, 10 minutes, 25 seconds. Question Completion Status: In a process costing system, manufacturing overhead applied is usually recorded as a debit to: Finished goods Work in process Manufacturing overhead. Cost of goods sold QUESTION 18 A proper journal entry to close overapplied manufacturing overhead to Cost of Goods Sold would be Cost of Goods Sold Work in Process Cast of Goods Sold Manufacturing Overhead Cast of Goods Sold Vinished Goods Manufacturing Overhead Cost of Goods Sold QUESTION 19 Capalbo Corporation bases its predetermined overhead rate on the estimated tabor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 52,000 labor hours. The estimated variable manufacturing overhead was $2.78 per labor-hour and the estimated total fixed manufacturing overhead was $1,192350. The actual labor hours for the year turned out to be 52.600 bor hours. The predetermined overhead rate for the recently completed year was closest to 52.78 12571 $32.93 Click Save and submit to sow and submit. Click Save All Answers to swall answers MacBook Air # W question Completion Status: Cost of Goods Sold XX Finished Goods Manufacturing Overhead Cast of Goods Sold QUESTION 19 Capalbo Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. At the the most recently completed year, the company estimated the labor hours for the upcoming year at 52.000 labor hours. variable manufacturing overhead was 52.78 per labor hour and the estimated total od manufacturing overhead was 51 actual labor hours for the year turned out to be 52.600 labor-hours. The predetermined overhead rate for the recently com was closest to $2.78 $25.45 $25.71 $22.53 QUESTION 20 The balance in the Work in Process account equals: the balance in the Finished Goods inventory account the balance in the Cost of Goods Sold account. the balances on the job cost sheets of uncompleted jobs. the balance in the Manufacturing Overhead account MacBook Air 4 5 6 7 8 9 1