Which of the Following Accounts Is Not Affected by Applied

question 43

Multiple Choice

Which of the following accounts is not affected by applied manufacturing overhead?

• A)Raw Materials Inventory
• B)Work in Process Inventory
• C)Finished Goods Inventory
• D)Cost of Goods Sold

---

Definitions:

Carrying Value

The book value of assets and liabilities on a company’s balance sheet, often different from the market value.

Discount On Bonds

The difference between the face value of a bond and its selling price, when the bond is sold for less than its face value.

Premium

The amount paid in excess of a standard cost or the face value of a financial instrument, often associated with insurance policies, bonds, and options.

Carrying Value

The book value of assets and liabilities as represented in the financial statements, excluding the market value.