Here Is Some Basic Data for Sarasota Manufacturing The Journal Entry to Record Actual Manufacturing Overhead Costs Includes

question 135

Multiple Choice

Here is some basic data for Sarasota Manufacturing: $\begin{array}{|l|r|}\hline \text { Cost of materials purchases on account } & \$ 75,000 \\\hline \text { Cost of materials requisitioned (includes } \$ 2,000 \text { of indirect) } & 43,000 \\\hline \text { Direct labor costs incurred } & 75,000 \\\hline \text { Manufacturing overhead costs incurred, including indirect materials } & 95,000 \\\hline \text { Cost of goods completed } & 226,750 \\\hline \text { Cost of goods sold } & 138,000 \\\hline \text { Beginning raw materials inventory } & 15,000 \\\hline \text { Beginning work in process inventory } & 32,000 \\\hline \text { Beginning finished goods inventory } & 31,000 \\\hline \text { Predetermined manufacturing overhead rate (as \% of direct labor cost) } & 125 \% \\\hline\end{array}$
The journal entry to record actual manufacturing overhead costs includes a:

• A)debit to manufacturing overhead for $95,000.
• B)debit to work in process inventory for $93,750.
• C)credit to work in process inventory for $95,000.
• D)credit to manufacturing overhead for $93,750.

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Definitions:

Articles Of Incorporation

The primary legal document used to officially form a corporation, outlining basic details like the company's name, structure, and purpose.

Agreement To Incorporate

A formal arrangement or pact made by individuals to form and register a corporation, detailing the nature of the business, stakeholder rights, and responsibilities.

Agreement To Subscribe

A formal accord where an individual or entity agrees to purchase a certain number of shares or units of a product or service.

Articles Of Incorporation

Legal documents filed with a state government to officially form a corporation.