GRAND CANYON UNIVERSITY Saperina Winbush ACC-650 (ACC-650-0500) Jul 25, 20118 CA

Question

GRAND CANYON UNIVERSITY Saperina Winbush ACC-650 (ACC-650-0500) Jul 25, 20118 CALENDAR TASKS RESOURCES Quiz Module 1 6 7 8 9 10 11 12 13 14 15 16 17 Reynardo Company incurred $90,000 of depreciation for the year. Eighty percent relates to the firm's production facilities, and 20% relates to sales and administrative offices. If all items are handled in the proper manner, a review of the companys accounting records should reveal a: debit to Depreciation Expense for $90,000. debit to Manufacturing Overhead for S90,000. debit to Manufacturing Overhead for $72,000. debit to Work-in-Process Inventory for $18,000. credit to Cash for $90,000 Previous 1 Skip I Sa

Explanation / Answer

C. debit to Manufacturing Overhead for $72,000.

The company's accounting records should include a debit to Manufacturing Overhead for:

= $90,000 * 80%

= $72,000

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