Here Is Selected Data for Lorelei Corporation - the Journal Entry to Close Manufacturing Overhead Would Include

question 105

Multiple Choice

Here is selected data for Lorelei Corporation: $$\begin{array} { | l | r | } \hline \text { Cost of raw material purchased } & \mathbf { 7 5 , 0 0 0 } \\\hline \text { Cost of requisitioned direct materials } & 41,000 \\\hline \text { Cost of requisitioned indirect materials } & 2,000 \\\hline \text { Direct labor } & 75,000 \\\hline \text { Manufacturing overhead incurred } & 95,000 \\\hline \text { Cost of goods completed } & 226,750 \\\hline \text { Cost of goods sald } & 138,000 \\\hline \text { Bepinging raw materials inventory } & 15,000 \\\hline \text { Bepining wark in process inventory } & 32,000 \\\hline \text { Bepinging finished goods inventory } & 31,000 \\\hline \begin{array} { l } \text { Manufacturing overhead allocation rate (based an } \\\text { direct labor) }\end{array} & 125 \% \\\hline\end{array}$$
- The journal entry to close manufacturing overhead would include a:

• A)credit to manufacturing overhead for $1,250.
• B)debit to work in process inventory for $1,250.
• C)debit to manufacturing overhead for $1,250.
• D)credit to cost of goods sold for $1,250.

Understand the impact of sample size changes on descriptive statistics.

Understand the basic principles of sensory stimulation and categorization.

Grasp the physiological and psychological mechanisms underlying pain and its modulation.

Recognize the significance of pleasure and hedonism in human behavior and motivation.

---

Definitions:

Knowledge

Information, understanding, and skills that individuals acquire through experience, education, or training.

Investigative Dimension

A characteristic or aspect pertaining to the systematic examination or exploration of subjects, often related to one's interests in solving problems or understanding phenomena.

Holland Scales

A theory and assessment tool that categorizes vocational interests into six types to help individuals identify suitable career paths.

Big Five Dimension

A model that outlines five major dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.