The Journal Entry to Record the Incurrence and Payment of Overhead

question 144

Multiple Choice

The journal entry to record the incurrence and payment of overhead costs for factory insurance requires a debit to

• A)Cash and a credit to Manufacturing Overhead.
• B)Manufacturing Overhead and a credit to Accounts Payable.
• C)Manufacturing Overhead and a credit to Cash.
• D)Work in Process Inventory and a credit to Cash.

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Definitions:

Spectrum

A range of different positions, opinions, or conditions usually used to describe a series from one extreme to another.

Binary System

A system consisting of two components or parts, often used to describe a system of numerical notation that has 2 rather than 10 as a base.

Genetic Component

Genetic component means the portion of a phenotype or disease risk attributable to genetic factors, highlighting the role of heredity in certain conditions or traits.

Sexual Orientation

An enduring pattern of emotional, romantic, or sexual attractions to men, women, or both sexes.