Question

If a balance exists in the temporary moh account at the end of the​ period, it can be ignored for purposes of preparing the​ company’s financial statements.

Answer 1

The statement "If a balance exists in the temporary MOH account at the end of the​ period, it can be ignored for purposes of preparing the​ company’s financial statements" is False.

The manufacturing overhead (MOH) price is the sum of all the oblique expenses which can be incurred while producing a product. Its miles brought to the value of the very last product alongside the direct cloth and direct labor prices.

Manufacturing overhead is a cost listed below the cost of income, in this case, referred to as the price of products synthetic. It's far something of a trap-all term for the expenses needed to run the facilities to manufacture the business's products intended on the market.

Examples of MOH

• Electricity or gas is utilized in a manufacturing facility.
• Different utilities, inclusive of water and trash provider.
• Unexpected repairs.
• Supervisors or managers within the factory.
• Depreciation of a construction's value.
• Rent and assets taxes.
• Equipment depreciation.

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