On June 1, 2012, Dalton Production Company Had Beginning Balances

question 11

Multiple Choice

On June 1, 2012, Dalton Production Company had beginning balances as shown in the T-accounts below. During June, the following transactions took place:
June 2: Issue $2,400 of direct materials and $200 of indirect materials to production.
June 13: Pay $7,500 of direct factory labor cost, and $14,100 of indirect factory labor cost.
Following these transactions, what was the balance in the Manufacturing overhead account?

• A)$50,900
• B)$55,300
• C)$44,200
• D)$65,200

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Definitions:

Work Ethic

The principle that hard work is intrinsically virtuous or worthy, often reflected in a person's attitudes toward their job.

Goal-Setting Theory

A motivational theory that emphasizes the significance of setting specific, measurable, achievable, relevant, and time-bound goals to improve performance.

Indirect Effects

The impact of one variable on another mediated through one or more intervening variables, rather than a direct cause-and-effect relationship.

Mortgage

A loan specifically for purchasing real estate, in which the property itself serves as collateral against the debt.