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The company reported the following for its just completed year Planning budget manufacturing OH at the beginning of the year Budgeted machine-hours $765,000 45,000 (MH)
The company reported the following for its just completed year Planning budget manufacturing OH at the beginning of the year Budgeted machine-hours $765,000 45,000 (MH) Raw materials (all direct) used in production Direct labor cost Actual machine-hours used Actual manufacturing OH cost $545,000 $650,000 46,000 (MH) $828,000 At the end of the year, prior to any adjusting (closing) entry, the overhead account will have which one of the following as its ending balance? Multiple Choice $46,000 credit $18,000 credit $46,000 debit $18.000 debit
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