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

question 227

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 $65,000 and the total of the credits to the account was $93,000. Which of the following statements is true?

• A) Manufacturing overhead applied to Work in Process for the month was $93,000.
• B) Manufacturing overhead for the month was underapplied by $28,000.
• C) Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $65,000.
• D) Actual manufacturing overhead incurred during the month was $93,000.

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Definitions:

Directive Style

A leadership approach characterized by providing clear, explicit instructions and expectations while closely supervising tasks.

Formal Structure

Organized and systematic arrangement of relationships, duties, and roles within an organization.

Individualism

A social philosophy that emphasizes the moral worth of the individual and prioritizes personal independence and self-reliance.

Bodily-kinesthetic Abilities

The capacity to manage bodily movements and handle objects skillfully, often related to physical activity or fine motor skills.