The Journal Entry to Record the Application of Overhead Costs

question 108

Multiple Choice

The journal entry to record the application of overhead costs to production includes

• A)a debit to Manufacturing Overhead.
• B)a debit to Work in Process Inventory.
• C)a debit to Finished Goods Inventory.
• D)a debit to Cost of Goods SolD.When overhead costs are applied,they are debited to Work in Process Inventory and credited Manufacturing Overhead.

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Definitions:

Buffering Ions

Ions in a solution that stabilize the pH of the solution by neutralizing added acids or bases.

Acidic Soil

Soil with a pH less than 7, often requiring amendment to support a wide range of plant life due to potential nutrient availability issues.

Hydroxyl Ions

Negatively charged particles consisting of one oxygen atom bonded to one hydrogen atom, commonly found in water and many other compounds, playing a crucial role in chemical reactions.

Photochemical Smog

A type of air pollution created when sunlight reacts with pollutants in the atmosphere, often characterized by a brownish haze.