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

question 52

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

Differentiate between the formal and informal communication styles and their impact on the audience.

Recognize the importance of using visuals in enhancing comprehension and retention of messages.

Understand the role of communication in managing employee relations and interpreting business events.

Understand techniques for identifying main ideas and supporting ideas in writing.