Manufacturing Overhead Is Overapplied for the Year by $3,000

question 79

Multiple Choice

Manufacturing overhead is overapplied for the year by $3,000.The unadjusted cost of goods sold is $360,000.Closing manufacturing overhead into cost of goods sold will result in which of the following?

• A) Adjusted cost of goods sold of $363,000.
• B) A credit balance in manufacturing overhead of $6,000.
• C) Adjusted cost of goods sold of $357,000.
• D) Adjusted cost of goods sold of $360,000.

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Definitions:

Big Five

A model describing five major personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Agreeableness

A personality trait characterized by compassion, cooperativeness, and a desire to maintain positive social relationships.

Personality Structure

The organized pattern of behaviors and attitudes that makes a person distinctive, including traits, values, and self-concept.

Major Factors

The primary elements or components that significantly influence or determine the outcome of a certain process or situation.