Held Inc Has Provided the Following Data for the Month of of June

question 188

Multiple Choice

Held Inc. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Manufacturing overhead for the month was overapplied by $1,000.
The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts.
-The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for June would include the following:

• A) credit to Work in Process of $21,450
• B) credit to Work in Process of $70
• C) debit to Work in Process of $21,450
• D) dedit to Work in Process of $70

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Definitions:

Thrust, Tone

The main direction, force, or emphasis of a discourse or negotiation, along with the mood or attitude conveyed through it.

Dynamic Process

This refers to a constantly evolving and changing procedure or series of actions, highlighting the fluid nature of the concept it describes.

Availability Of Information Bias

The cognitive bias that involves over-relying on the information that is most readily available, rather than considering all relevant data.

Vivid

Characterized by strong and clear images or sensations that are easy to recall and describe.