The Journal Entry to Dispose of Overapplied or Underapplied Overhead

question 48

Multiple Choice

The journal entry to dispose of overapplied or underapplied overhead, if overhead is applied based on direct labor hours, would include a credit to:

• A)Work-in-Process Inventory.
• B)Cost of Goods Sold.
• C)Finished Goods Inventory.
• D)Factory Overhead Control.
• E)Materials Inventory.

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Definitions:

Discrimination

Unjust or prejudicial treatment of people based on characteristics such as race, age, sex, or disability.

Generalization

The process in which the effects of a learned behavior spread from the original situation to new situations or stimuli that are similar.

Shaping

A method used in behavioral psychology to gradually guide someone towards a desired behavior by reinforcing successive approximations of the target behavior.

Operant Conditioning

An approach to modifying behavior strength through the implementation of positive or negative feedback.