Price Company Assigns Overhead Based on Machine Hours

question 17

Multiple Choice

Price Company assigns overhead based on machine hours.The Milling Department logs 1,800 machine hours and Cutting Department shows 3,000 machine hours for the period.If the overhead rate is $5 per machine hour, the entry to assign overhead will show a

• A)debit to Manufacturing Overhead for $24,000.
• B)credit to Work in Process-Cutting Department for $15,000.
• C)debit to Work in Process for $15,000.
• D)credit to Manufacturing Overhead for $24,000.

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Definitions:

Molecular Data

Information obtained at the molecular level, such as DNA sequences, that is used in various fields including genetics and systematics.

Archaeplastids

A group in the eukaryotic tree of life that includes red algae, green algae, and land plants, characterized by the presence of plastids with a double membrane.

Antheridium

(pl., antheridia) In plants, the multicellular male gametangium (sex organ) that produces sperm cells. Compare with archegonium.

Archegonium

A female reproductive structure found in ferns, mosses, and some conifers and flowering plants, producing a single egg cell for fertilization.