1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ivahew [28]
3 years ago
9

When underapplied or overapplied manufacturing overhead is prorated, amounts can be assigned to which of the following accounts?

Multiple Choice
a. Raw-Material Inventory, Manufacturing Overhead, and Direct Labor.
b. Cost of Goods Sold, Work-in-Process Inventory, and Finished-Goods Inventory.
c. Work-in-Process Inventory, Raw-Material Inventory, and Cost of Goods Sold.
d. Raw-Material Inventory, Finished-Goods Inventory, and Cost of Goods Sold.
e. Raw-Material Inventory, Work-in-Process Inventory, and Finished-Goods Inventory.
Business
1 answer:
laila [671]3 years ago
7 0

Answer:

b. Cost of Goods Sold, Work-in-Process Inventory, and Finished-Goods Inventory.

Explanation:

Whenever manufacturing overheads are prorated and under-applied or over-applied, then they are charged to inventory or cost which includes overheads as part of it.

As for instance, raw material inventory do not include any overheads, it is just the purchase price of inventory, as no work is performed on it.

Cost of goods sold, includes all the cost incurred to sale the good, from acquiring raw material to converting finished goods, and then adding the sales expense the goods are sold.

Finished goods include every material and overhead to convert the item into finished state and usable state.

Work in process is half way completed, or the percentage prescribed and includes raw material, includes overheads, but the product is somewhere more than raw inventory and less than finished good.

Therefore, correct option is:

b.

You might be interested in
The store purchases used goods for resale from people that bring items to the store. since that can occur anytime that the store
KiRa [710]
That doesnt seem right
5 0
3 years ago
:How is a ‘provision for reserve’ in a balance sheet, a liability or an asset. Explain.
Maslowich

Explanation:

A provision is indeed an item freed up from either a company's revenue to cover potential future costs or a probable property price decrease. It shows up as spending on the financial statements and is documented as a current liabilities.

3 0
2 years ago
Ford Motor Corporation is considering purchasing new technology that will increase productivity by twenty percent. If Ford Motor
Alborosie

Answer:

E. The demand for loanable funds increases.

5 0
3 years ago
Acellus Businesses management
Kobotan [32]
Here is the answer

https://www.science.edu/Acellus/curriculum/career-technical-education-courses/lesson-lists/Business%20Management%20Curriculum.pdf
7 0
2 years ago
When a country is not able to produce a good more efficiently than other nations, but produces the good more efficiently than it
nikitadnepr [17]

Answer:

The answer is comparative advantage.

Explanation:

Comparative advantage is when a country is able to produce goods and services at a lower opportunity cost than its trading partners. That means a labour can produce more goods per hour than a labour in its trading partner's country.

A country with a comparative advantage will be able to charge lower price for what she is specialising on.

3 0
3 years ago
Other questions:
  • I WILL MARK AS BRAINLIEST
    15·1 answer
  • Michelle, an Italian fashion designer, sells her merchandise by exporting it to the United States, United Kingdom, and Brazil. A
    8·1 answer
  • Pablo has a $180,200 basis in his partnership interest. On May 9 of the current tax year, the partnership distributes to him, in
    9·1 answer
  • An employee of a delivery company drives 480 miles at 60 miles per hour in a vehicle that averages 20 miles per gallon of gas. T
    5·1 answer
  • O
    15·1 answer
  • Determinant Company is a price − taker and uses a target − pricing approach. Refer to the following information: Production volu
    10·1 answer
  • Units Unit Cost Inventory, Jan. 1 8,000 $11 Purchase, June 19 13,000 12 Purchase, Nov. 8 5,000 13 If 9,000 units are on hand at
    5·1 answer
  • what is the relationship between the securities and exchange chommisison and accounting standard setting in the united states
    14·1 answer
  • Loudon Company has the following unit costs: direct materials $6, direct labor $3, variable overhead $2, fixed overhead $1. Unde
    13·1 answer
  • Assume that if there were no crowding out, an increase in government spending would increase GDP by $100 billion. On the other h
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!