Matthew Company Uses a Job Cost System

question 92

Multiple Choice

Matthew Company uses a job cost system.The overhead account shows a $5,000 overallocated balance at the end of the year.Actual overhead incurred was $100,000.Other balances are:

The entry to close manufacturing overhead would include a

• A)debit to Manufacturing Overhead account for $5,000.
• B)debit to Work-in-Process Inventory account for $5,000.
• C)debit to Cost of Goods Sold account for $5,000.
• D)credit to Work-in-Process Inventory account for $5,000.

---

Definitions:

Achaemenid Empire

An ancient empire based in Persia (modern-day Iran) from approximately 550 to 330 BC, known for its significant expansion under rulers such as Cyrus the Great and Darius.

Darius III

The last king of the Achaemenid Empire of Persia, who reigned from 336 BC until his defeat by Alexander the Great in 330 BC.

Ardashir I

The founder of the Sasanian Empire in Persia (224–651 CE), known for unifying various Iranian regions under his rule and establishing Zoroastrianism as the state religion.

Immovable Dedication

An offering or dedication to a deity or sacred place that is not meant to be moved, such as a statue, shrine, or architectural feature integrated within a sacred site.