The Journal Entry to Record the Application of Overhead Costs

question 61

Multiple Choice

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

• A)a credit to Manufacturing Overhead.
• B)a credit to Work in Process Inventory.
• C)a credit to Finished Goods Inventory.
• D)a credit to Cost of Goods Sold.

Understand the concepts and differences between strategic and responsive corporate social responsibility.

Grasp the definition and process of becoming a B Corporation.

Comprehend the importance of a public relations and communications specialist in managing corporate social responsibility, particularly for large corporations.

Recognize the strategic use of public relations in promoting corporate events and initiatives.

---

Definitions:

Erie Canal

A historic canal in New York, completed in 1825, which played a critical role in the commercial expansion of the United States.

Lake Erie

One of the five Great Lakes in North America, bordered by Ontario, Canada, and several U.S. states, known for its fisheries, recreation, and historical significance in trade and transportation.

Hudson River

A major river in New York State that flows from the Adirondack Mountains down to New York City, historically significant for trade and transportation.

Market Economy

An economic system where supply and demand from consumers drive the production and pricing of goods and services.