Use the Following to Answer Questions

question 76

Multiple Choice

Use the following to answer questions
Keowee Enterprises began the year with $165,700 of finished goods inventory. During the year the company manufactured goods costing $689,200. At the end of the year, $194,100 of finished goods remained in inventory. Actual manufacturing overhead was $235,800, estimated manufacturing overhead was $230,000, and manufacturing overhead applied totaled $221,500.
-The amount of over- underapplied manufacturing overhead was:

• A)$ 5,800 underapplied
• B)$14,300 underapplied
• C)$ 8,500 overapplied
• D)$ 2,700 overapplied

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Definitions:

Substantial Quantity

A considerably large amount or volume of something.

Social Conscious

An awareness of the problems and injustices within society and the motivation to take action to address them.

Respondent Conditioning

A learning process in which a biologically potent stimulus becomes associated with a previously neutral stimulus.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.