When Using a Standard Costing System,which of the Following Should

question 17

Multiple Choice

When using a standard costing system,which of the following should be recorded when variable overhead is applied during the period?

• A)Debit manufacturing overhead for the actual overhead costs and credit work in process inventory using a predetermined variable overhead rate
• B)Debit work in process inventory for the actual overhead costs and credit manufacturing overhead using a predetermined variable overhead rate
• C)Credit manufacturing overhead for actual overhead rate and debit work in process inventory using a predetermined variable overhead rate
• D)Credit work in process inventory for the actual overhead and debit manufacturing overhead using a predetermined variable overhead rate

---

Definitions:

Nonrenewable Resources

Resources that do not replenish at a sustainable rate compared to their consumption, including fossil fuels and minerals.

Asthenosphere

A highly viscous, mechanically weak region of the upper mantle beneath the Earth's lithosphere.

Erupting Volcano

A geological event where molten rock, ash, and gases escape from a crack in the Earth's surface.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in the air and is absorbed by plants in photosynthesis.