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

question 251

Multiple Choice

Niebla Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of July. 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 $72,000 and the total of the credits to the account was $77,000. Which of the following statements is true?

• A) Manufacturing overhead applied to Work in Process for the month was $72,000.
• B) Actual manufacturing overhead for the month was $72,000.
• C) Manufacturing overhead for the month was underapplied by $5,000.
• D) Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $77,000.

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Definitions:

Tendons

Tough, flexible bands of fibrous connective tissue that connect muscles to bones and help in the movement of joints.

Smooth Muscle

A type of muscle found in the walls of internal organs such as the stomach, intestines, and blood vessels, responsible for involuntary movements.

Iris

The colored part of the eye surrounding the pupil, controlling light levels inside the eye by adjusting the size of the pupil.

Blood Vessels

Cylindrical vessels that transport blood across the body, encompassing veins, arteries, and capillaries.