During 2017, Cost Savers Production Used a Predetermined Overhead Rate $\quad$

question 100

Multiple Choice

During 2017, Cost Savers Production used a predetermined overhead rate of $1.50 per machine hour in the Cutting Department.Actual overhead for the year was $65,000.If 1,700 machine hours were used during the year, what is the correct journal entry to record the application of overhead?

• A)Manufacturing Overhead-Cutting Dept..\(\quad\)\(\quad\)2,550
• Work in Process-Cutting Dept.\(\quad\)\(\quad\)\(\quad\)2,550
• B)Work in Process-Cutting Dept.\(\quad\)\(\quad\)2,550
• Manufacturing Overhead\(\quad\)\(\quad\)2,550
• C)Cutting Dept. Expenses\(\quad\)\(\quad\)2,550
• Manufacturing Overhead-Cutting Dept.\(\quad\)\(\quad\)2,550
• D)Finished Goods\(\quad\)\(\quad\)2,550
• Work in Process-Cutting Dept\(\quad\)\(\quad\)2,550

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Definitions:

Communication

The exchange of information, feelings, thoughts, or messages between people through speech, writing, signals, or behavior.

Mediating Conflicts

The process of intervening in a dispute or conflict to help the involved parties reach a resolution or understanding through dialogue and negotiation.

Five-step Model

A generic framework often used in problem-solving or project management that outlines five sequential stages: define, measure, analyze, improve, and control.

Agreement

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