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:

Immunity

The ability of an organism to resist harmful microorganisms from entering it, either through innate or adaptive mechanisms.

Vaccine

A biological preparation that provides active acquired immunity to a particular infectious disease, often containing agents resembling a disease-causing microorganism.

Artificially Acquired Active

Refers to immunity obtained through vaccination, where exposure to a weakened or dead pathogen stimulates the body's immune response.

Staging

The process of classifying the extent and spread of diseases like cancer within the body, often determining the choice of therapies and the prognosis.