Jimbo Company Uses a Job- Order- Cost System and Had

question 25

Multiple Choice

Jimbo Company uses a job- order- cost system and had the following data available: $\begin{array}{ll}\text { Beginning direct- materials inventory } & \$ 26,000 \\\text { Beginning WIP inventory } & 64,000 \\\text { Beginning finished- goods inventory } & 58,000 \\\text { Direct mat erial s purchased on account } & 148,000 \\\text { Direct mat erial s requisitioned } & 82,000\\\text { Direct-labor cost incurred } & 130,000 \\\text { Fact ory overhe ad incurred } & 146,000 \\\text { Cost of goods completed } & 292,000 \\\text { Cost of goods sold } & 256,000 \\\text { Overhead application rate } & 125 \%\end{array}$ (as a percent of direct- labor cost) The journal entry to record the factory overhead costs incurred would include a:

• A) credit to Factory Department Overhead Control for $162,500
• B) credit to WIP Inventory for $162,500
• C) debit to WIP Inventory for $146,000
• D) debit to Factory Department Overhead Control for $146,000

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Definitions:

Importance of Followers

The recognition that followers play a vital role in a leader's success and the effectiveness of their leadership.

Kellerman's Typology

A classification system developed by Barbara Kellerman which categorizes leaders and followers based on levels of engagement and effectiveness.

Bystander

An individual who is present at an event or incident but does not take part.

Typologies

Classification systems used to categorize entities or concepts into distinct groups based on shared characteristics.