XYZ Uses Job Costing

question 16

Multiple Choice

XYZ uses job costing.Actual manufacturing overhead for the period is $20,000 while allocated manufacturing overhead is $18,000.What entry will close the manufacturing overhead balance?

• A)Debit the Manufacturing Overhead account and credit the Work-in-Process account for $2,000.
• B)Debit the Manufacturing Overhead account and credit the Cost of Goods Sold account for $2,000.
• C)Debit the Cost of Goods Sold account and credit the Finished Goods Inventory account for $2,000.
• D)Debit the Cost of Goods Sold account and credit the Manufacturing Overhead account for $2,000.

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Definitions:

Easy Temperament

A temperament characterised by regularity, adaptability, and a positive mood.

Uninhibited Temperament

A personality trait characterized by outgoing, sociable, and usually confident behavior with less reservation or anxiety in social situations.

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A concept emphasizing that infants are engaged in learning and exploring their environment, not passively responding to it.

Motor Development

The progression of muscle coordination, strength, and movement patterns, allowing for more complex physical activities over time.