Midtown Inc

question 44

Multiple Choice

Midtown Inc.uses a predetermined overhead allocation rate of $63.20 per direct labor hour.In January,the company completed Job A23 which utilized 15 direct labor hours.Which of the following correctly describes the journal entry to allocate overhead to the job?

• A)debit Finished Goods Inventory $948 and credit Manufacturing Overhead $948
• B)debit Manufacturing Overhead $63.20 and credit Work-in-Process Inventory $63.20
• C)debit Work-in-Process Inventory $948 and credit Manufacturing Overhead $948
• D)debit Cost of Goods Sold $63.20 and credit Finished Goods Inventory $63.20

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Definitions:

Transducing Physical Signals

The process of converting physical signals, such as light or sound waves, into electrical or neural signals that can be interpreted by the brain.

Taste

One of the five traditional senses; it's the sensation produced when a substance in the mouth reacts chemically with taste receptor cells located on taste buds.

Smell

The sensory perception of odorants by the olfactory system, enabling the detection and identification of chemicals in the environment.

Olfaction

The sense of smell, a chemical sensing system processing odors.