If Manufacturing Overhead Has Been Underapplied During the Year the Adjusting

question 26

Multiple Choice

If manufacturing overhead has been underapplied during the year the adjusting entry at the end of the year will show a

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

---

Definitions:

Social Justice

The pursuit of fairness and equality within society, aiming to address and rectify inequalities, discrimination, and injustices.

Property Tax

A local tax on the value of real estate or other property owned, used primarily to fund public services such as education and infrastructure.

Profiteering

The act of making an excessive or unfair profit, especially in unethical ways or during times of crisis or shortage.