During March, Pendergraph Corporation Incurred $64,000 of Actual Manufacturing Overhead

question 165

Multiple Choice

During March, Pendergraph Corporation incurred $64,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $66,000.The journal entry to record the incurrence of the actual Manufacturing Overhead costs would include a:

• A) credit to Manufacturing Overhead of $64,000
• B) credit to Work in Process of $66,000
• C) debit to Work in Process of $66,000
• D) debit to Manufacturing Overhead of $64,000

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Definitions:

Duty of Care

A legal obligation imposed on individuals to exercise a reasonable level of care to avoid causing harm to others.

Unusual Bone Disease

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Contra Proferentum Rule

A rule of interpretation; ambiguous provisions in a written contract are to be construed against the party that drafted the agreement.

Exclusion of Liability

Clauses in a contractual agreement that seek to limit or eliminate legal responsibility for certain acts or omissions.