A Zero Balance in the Manufacturing Overhead Control Account Indicates

question 143

Multiple Choice

A zero balance in the Manufacturing Overhead Control account indicates that

• A)actual overhead cost and applied overhead cost are equal.
• B)all inventory is reflected at actual cost.
• C)both actual overhead cost and applied overhead cost are equal and all inventory is reflected at actual cost.
• D)neither actual overhead cost and applied overhead cost are equal nor all inventory is reflected at actual cost.

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Definitions:

Splenic Vein

A blood vessel that drains blood from the spleen, pancreatic veins, and the short gastric veins, and empties into the portal vein.

Hepatic Portal Vein

The hepatic portal vein is a blood vessel that carries nutrient-rich blood from the gastrointestinal tract and spleen to the liver for filtering and processing.

Superior Mesenteric Vein

A major vein draining blood from the small intestine, ascending colon, and part of the transverse colon.

Popliteal Vein

A vein located behind the knee that drains blood from the lower leg and transports it back towards the heart.