?,My Courses / ACC 505 SP2018 V / Week Four-EXAM 1 Exam 1 2018 V ime left 2:14:5

Question

?,My Courses / ACC 505 SP2018 V / Week Four-EXAM 1 Exam 1 2018 V ime left 2:14:51 O d. $20,500 ts QUIZ NAVIGATION Question 14 Not yet Walsh Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of September. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $76,000 and the total of the credits to the account was $66,000. Which of the following statements is true? on h 1 Points out of 3 P Flag question Select one: O a. Actual manufacturing overhead incurred during the month was $66,000 O b. Manufacturing overhead for the month was underapplied by $10.000 O c. Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold ee- Ch5 Finish attempt.. r EXAM ons during the month was $76,000 O d. Manufacturing overhead applied to Work in Process for the month was $76,000 15 150% 9:54 AM

Explanation / Answer

b. Manufacturing overhead for the month was underapplied by $10,000.

Manufacturing overhead for the month was underapplied by:

= $76,000 - $66,000

= $10,000

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