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Very easy multiple choice questions. make sure to answer them all. 16 d [Ch2] Company B uses NORMAL costing, applying manufacturing overhead based on direct
Very easy multiple choice questions. make sure to answer them all.
16 d [Ch2] Company B uses NORMAL costing, applying manufacturing overhead based on direct labor cost. The company estimated manufacturing overhead of $150,000 and also estimated direct labor cost of $300,000 before period X. During period X. manufacturing overhead of $160,000 and direct labor cost of $360.000 were incurred. What was the total amount of overhead costs to apply to production during period X? question Select one: a $180,000 b. $320,000 c. $160,000 d. $150,000 .7 [Ch2] In recording the issuance of raw materials in a job-order cost system, it would be incorrect to ut of question Select one: a. debit Manufacturing Overhead. b. debit Work in Process Inventory. C. debit Finished Goods Inventory. d. credit Raw Materials Inventory. n8 [Ch2] You're to make a journal entry to allocate (.e., apply manufacturing overhead costs. Which account do you debit? Assume the company uses the traditional normal costing. ut of question Select one: a. Raw Materials Inventory b. Raw Materials Purchases. c. Work in Process d. Manufacturing Overhead, on 9 [Ch2] Company D's factory requisitioned Indirect Materials costing $9,000 in total. You're to make a journal entry to record this transaction. Which account do you have to debit? red out of question Select one: a. Raw Materials Purchases. b. Raw Materials Inventory c. Manufacturing Overhead. d. Work in Process in 10 [Ch2] The entry when direct factory labor is assigned for charged] to jobs is a debit to out of question Select one: a. Manufacturing Overhead and a credit to Factory Labor. b. Work in Process Inventory and a credit to Factory Labor. c. Factory Labor and a credit to Manufacturing Overhead. d. Factory Labor and a credit to Work in Process Inventory Step by Step Solution
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