For Each of the Following Accounts, Identify Whether a Debit

question 129

Essay

For each of the following accounts, identify whether a debit or credit yields the indicated change
$$\begin{array} { |l | l| } \hline \text { b. To increase Fees Earned } &\quad\quad\quad\quad\quad\quad\quad \\\hline \text { b. To decrease Cash } & \\\hline \text { c. To decrease Unearned Revenue } & \\\hline \text { d. To increase Accounts Receivable } & \\\hline \text { e. To increase Common Stock } & \\\hline \text { f. To decrease Notes Payable } & \\\hline \text { g. To increase Prepaid Rent } & \\\hline \text { h. To increase Salaries Expense } & \\\hline \text { i. To increase Accounts Payable } & \\\hline \text {j. To decrease Prepaid Insurance } & \\\hline\end{array}$$

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Definitions:

Overapplied

A scenario in which the overhead cost assigned to manufacturing exceeds the overhead that was actually incurred.

Direct Labor-Hours

A measure of the labor directly involved in manufacturing a product, represented in hours.

Predetermined Overhead Rate

A rate calculated before a period begins, based on estimated overhead costs and activity levels, used to allocate overhead to products.

Actual Manufacturing Overhead

The real costs incurred in the manufacturing process that are not directly tied to production, including utilities, maintenance, and factory rent.