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lutik1710 [3]
2 years ago
15

At the end of the year, a company has a $1,200 debit balance in Manufacturing Overhead. As a result, the company:a.makes an adju

sting journal entry by debiting Manufacturing Overhead for $1,200 and crediting Manufacturing Overhead for $1,200. b.makes no adjusting journal entry because the difference between actual overhead and the amount applied are a normal part of job order costing and will average out over the next year. c.makes an adjusting journal entry by debiting Manufacturing Overhead Expense for $1,200 and crediting Manufacturing Overhead for $1,200. d.makes an adjusting journal entry by debiting Cost of Goods Sold for $1,200 and crediting Manufacturing Overhead for $1,200.
Business
1 answer:
Nonamiya [84]2 years ago
5 0

Answer:

d. makes an adjusting journal entry by debiting Cost of Goods Sold for $1,200 and crediting Manufacturing Overhead for $1,200.

Explanation:

The debit balance of $1,200 in the Manufacturing Overhead account represents under-applied overhead.  To ensure that the Cost of Goods Sold is accurate, the debit balance is debited to the Cost of Goods Sold while the corresponding credit goes to the Manufacturing Overhead account.

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Answer:

monthly data series in a GDP

Explanation:

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7 0
2 years ago
Armando, a technology enthusiast, is often willing to pay premium prices to always have the newest tech gadgets. Armando most li
KatRina [158]

Answer:

c. innovators.

Explanation:

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8 0
3 years ago
Marshall's &amp; Co. purchased a corner lot in Eglon City five years ago at a cost of $640,000. The lot was recently appraised a
Gala2k [10]

Answer:

$1,780,000

Explanation:

The computation of the initial cash flow for this building project is shown below:

= Estimated building cost + appraised cost of the lot

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3 0
3 years ago
Unfortunately, Diana doesn't have enough money in her account right now. She needs to make additional contributions at the end o
Kobotan [32]

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Contribution = $1,203.49

6 0
2 years ago
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