At the End of the Year, Beta Company Has an Unadjusted

question 36

Multiple Choice

At the end of the year, Beta Company has an unadjusted debit balance in the Manufacturing Overhead account of $3,950. The adjusting journal entry needed to clear the balance to zero will include a:

• A)debit to Cost of Goods Sold $3,950 and credit to Manufacturing Overhead $3,950.
• B)debit to Manufacturing Overhead $3,950 and credit to Cost of Goods Sold.
• C)debit to Work-in-Process Inventory $3,950 and credit to Manufacturing Overhead $3,950.
• D)debit to Gross Profit $3,950 and credit to Cost of Goods Sold $3,950.

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Definitions:

Hit

In the context of memory recall, a correct identification or recognition of a previously encountered stimulus.

False Alarm

An instance in which a warning or signal is given for a danger that fails to materialize, leading to an unnecessary or mistaken response.

Correct Rejection

In signal detection theory, the correct identification that a target stimulus is not present.

Subliminal Perception

The processing of information by sensory systems without a person's conscious awareness.