Matthias Corporation Has Provided Data Concerning the Corporation's Manufacturing Overhead

question 13

Multiple Choice

Matthias Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of May. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $53,000 and the total of the credits to the account was $69,000. Which of the following statements is true?

• A) Manufacturing overhead applied to Work in Process for the month was $69,000.
• B) Manufacturing overhead for the month was underapplied by $16,000.
• C) Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $53,000.
• D) Actual manufacturing overhead incurred during the month was $69,000.

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Definitions:

Tympanic Membrane

Also known as the eardrum, it is a thin layer that separates the outer ear from the middle ear and vibrates in response to sound waves.

Middle Ear

The air-filled space located between the eardrum and inner ear containing the auditory ossicles.

Binaural

Pertaining to or involving both ears, often used to describe hearing processes that use input from both ears to perceive sound.

Bin-

A prefix used in the English language to denote a quantity of two, coming from Latin origin meaning "two" or "twice."