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:

Hormones

Chemical messengers produced by glands in the body that regulate various functions, including growth, metabolism, and reproduction.

Genitals

The external and internal organs of reproduction, including the penis, vulva, ovaries, and testicles, involved in sexual reproduction and pleasure.

Gonads

The reproductive organs in animals and humans that produce gametes; in males, the testes and in females, the ovaries.

Gender Schema

A cognitive theory that explains how individuals become gendered in society and how sex-linked characteristics are maintained and transmitted to other members of a culture.