If Overhead Was Overapplied During the Accounting Period by an Insignificant

question 50

Multiple Choice

If overhead was overapplied during the accounting period by an insignificant amount,the The entry to close the Mdispose of overapplied manufacturing Ooverhead account will include a:

• A) Debit to cost of goods soldCost of Goods Sold and a credit to manufacturing overheadManufacturing Overhead.
• B) Debit to cost of goods soldCost of Goods Sold and a credit to finished goodsFinished Goods Inventory.
• C) Debit to manufacturing overheadManufacturing Overhead and a credit to cost of goods soldCost of Goods Sold.
• D) Debit to finished goodsFinished Goods Inventory and a credit to manufacturing overheadManufacturing Overhead.