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3 years ago

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Which terms will make the following statement true? When manufacturing overhead is overapplied, the Manufacturing Overhead accou

nt has a __________ balance and applied manufacturing overhead is greater than __________ manufacturing overhead.
a) debit, actual
b) credit, actual
c) debit, estimated
d) credit, estimated

1 answer:

Free_Kalibri [48]3 years ago

7 0

Answer:

b) credit, actual

Explanation:

The journal entry to record the over applied overhead is

Cost of Goods sold A/c Dr XXXXXX

To Manufacturing overhead A/c XXXXXX

(Being the over-applied overhead is recorded)

The over-applied overhead is arise when the applied manufacturing overhead is more than the actual manufacturing overhead

In mathematically

= Applied manufacturing overhead - actual manufacturing overhead

= Over-applied

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Answer:

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Jasper Company has 70% of its sales on credit and 30% for cash. All credit sales are collected in full in the first month follow

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Jasper Company Cash Receipts Budget shows the estimated cash receipts from customers and other sources.

<h3>Cash Receipts Budget for April, May, and June:</h3>

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