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:

Care

The process of giving attention and support to the needs and well-being of others, including customers, patients, or loved ones.

Electronic Communication

The transfer of information using electronic media such as email, social media, and messaging services.

Government Restrictions

Regulations and policies imposed by governmental bodies aimed at controlling or limiting certain activities or practices within a country.

Mass Production

The large-scale manufacturing of goods using assembly line techniques and machinery, aimed at producing large quantities of standardized products efficiently.