Seuell Inc

question 52

Multiple Choice

Seuell Inc.has provided the following data for the month of December.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 $12,000.

The Corporation 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 manufacturing overhead applied during the month in those accounts.

The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for December would include the following:

• A)debit to Finished Goods of $56,160
• B)credit to Finished Goods of $56,160
• C)debit to Finished Goods of $2,520
• D)credit to Finished Goods of $2,520

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Definitions:

Directive Leadership

A management style where leaders closely control employees' work, give specific directions, and expect followers to comply without question.

Supportive Leadership

A leadership style characterized by providing encouragement, resources, and assistance to subordinates, fostering a positive and motivating work environment.

Participative Leadership

A leadership style in which the leader includes team members in the decision-making process, valuing their input and fostering ownership.

Transactional Leadership

A leadership style that focuses on the exchanges between leaders and their followers, where leaders reward or punish followers based on their performance.