ACCI 17 Final Exam (FATX O ezto mheducabon.com hmti tpx El | Save & ExitSubmit 1

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ACCI 17 Final Exam (FATX O ezto mheducabon.com hmti tpx El | Save & ExitSubmit 1 Question 5 (of 50) value 6.00 points eohan. Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month ofJuly Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $62,00 O and the total of the credits to the account was $73,000. Which of the following statements is true? O Manufacturing overhead for the month was underapplied by $11.000. O Manufecturing overhead applied to Work in Process for the month was $62.000. anufacturing overheadl trensferred from Finished Goods to Cost of Goods Sold during the month was $73,000 O Actuel manufacturing overhead for the month was $62.000 References Type here to search

Explanation / Answer

Last option is correct. A debit in manufacturing overhead account shows the actual overhead charged to the account and a credit shows applied overhead transferred to work in process account.

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