During March, Pendergraph Corporation Incurred $61,000 of Actual Manufacturing Overhead

question 297

Multiple Choice

During March, Pendergraph Corporation incurred $61,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $63,000.The journal entry to record the application of Manufacturing Overhead to Work in Process would include a:

• A) credit to Manufacturing Overhead of $63,000
• B) debit to Work in Process of $61,000
• C) credit to Work in Process of $61,000
• D) debit to Manufacturing Overhead of $63,000

Recognize the tools and methods for assessing brand reputation and stakeholder engagement online.

Understand the differences between types of social networks and their unique functions.

Recognize the importance and methods of content curation for business communication.

Grasp the concept and significance of augmented and virtual reality in enhancing physical and digital experiences.

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Definitions:

Optimum Credit Policy

A business strategy that seeks to balance the benefits of extending credit to customers with the costs, aiming to maximize profitability.

Incremental Profits

Additional earnings that result from a specific business decision or action, compared to what would have happened without that decision.

Extending Credit

The practice of lending money or goods with the expectation of repayment in the future, often with interest.

Current Ratio

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations using its current assets.