If the Manufacturing Overhead Account Has a Debit Balance at the End

question 181

Multiple Choice

If the Manufacturing Overhead account has a debit balance at the end of a period it means that

• A) actual overhead costs were less than overhead costs applied to jobs.
• B) actual overhead costs were greater than overhead costs applied to jobs.
• C) actual overhead costs were equal to overhead costs applied to jobs.
• D) no jobs have been completed.

---

Definitions:

Retirement Savings

Funds that an individual sets aside to use during their retirement years, usually accumulated through retirement accounts.

Monthly Deposits

Regular amounts of money placed into a financial account, investment, or savings plan on a monthly basis, contributing to capital growth or interest earnings.

Retirement Account

A financial account that offers tax benefits for saving for retirement.

Monthly Rate

The interest rate or return expressed on a monthly basis, often used in loan repayments or savings calculations.