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Sales Revenue 0 The following additional details are provided for the year. Direct materials placed in production Direct labor incurred Manufacturing overhead incurred Manufacturing overhead
Sales Revenue 0 The following additional details are provided for the year. Direct materials placed in production Direct labor incurred Manufacturing overhead incurred Manufacturing overhead allocated to production Cost of jobs completed and transferred The unadjusted balance in the Manufacturing Overhead account is a $83,600 191,900 300,700 296,700 500,700 A. debit of $300,700 B. credit of $296,700 C. credit of $4,000 D. debit of $4,000 Sales Revenue 0 The following additional details are provided for the year: Direct materials placed in production Direct labor incurred Manufacturing overhead incurred Manufacturing overhead allocated to production Cost of jobs completed and transferred The unadjusted balance in the Manufacturing Overhead account is a $83,600 191,900 300,700 296,700 500,700 A. debit of $300,700 B. credit of $296,700 O C. credit of $4,000 OD. debit of $4,000 The following information is available from various budgets for the current period: Account Budget Amount Cash Cash budget $26,000 Schedule of cash receipts from Accounts Receivable customers 30,000 Inventory, purchases, and cost of Merchandise Inventory goods sold budget 47,000 Insurance Expense (expense Selling and administrative expense incurred during the period) budget 2,000 Equipment Capital expenditures budget 33,000 Depreciation Expense Equipment (expense incurred Selling and administrative expense O A. $150,000 B. $164,000 O C. $152,000 OD. $146,000 incurred during the period) budget Equipment Capital expenditures budget 33,000 Depreciation Expense Equipment (expense incurred Selling and administrative expense during the period) budget 6,000 The following balances are available from the balance sheet at the end of the previous year. Prepaid Insurance $6,000 Equipment 22,000 Accumulated Depreciation - Equipment 6,000 What would be the amount of total assets on the budgeted balance sheet? O A. $150,000 B. $164,000 C. $152,000 D. $146,000
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