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k0ka [10]
3 years ago
9

Refer to the T-account below: Manufacturin Overhead (2) (3) (4) (5) 9,000 (12) 15,000 80,000 30,000 159,000 Bal. 167,000 167,000

8,000 The ending balance of $8,000 represents which of the following? A) Underapplied overhead. B) Manufacturing overhead that will be carried over to the next period. C) Overapplied overhead. D) A bookkeeping error.
Business
1 answer:
Flura [38]3 years ago
5 0

Answer:

C) Overapplied overhead

Explanation:

The ending balance of $8,000 represents the overhead overapplied as the credit side is more than the debit side related to production i.e as the credit side is $167,000 and the debit side is $159,000 so the credit side is greater than the $8,000

Therefore the correct option is c.

Hence, the other options are wrong

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Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the fol
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Dec 31    Supplies expenses                           $2,300

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Dec 31     Insurance expenses                         $1,650

                      Prepaid expenses                                        $1,650

                (To record the insurance expired for December)

Dec 31      Salaries expenses                            $15,300

                       Salaries payable                                          $15,300

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