At the Beginning of the Year,Tea Tree Manufacturing Had the Following

question 68

Multiple Choice

At the beginning of the year,Tea Tree Manufacturing had the following account balances: $\begin{array}{c} \text { Work-in-Process Inventory} &\\\hline \begin{array}{l|l} 2,000&\\\\\\\end{array}\end{array}$
$\begin{array}{c} \text { Finished Goods Inventory} &\\\hline \begin{array}{l|l} 8,000&\\\\\\\end{array}\end{array}$

$\begin{array}{c} \text { Manufacturing Overhead} &\\\hline \begin{array}{l|l} 0&\\\\\\\end{array}\end{array}$


$\begin{array}{c} \text { Cost of Goods Sold} &\\ \hline \begin{array}{l|l} 0&\\\\\\\end{array}\end{array}$

$\begin{array}{c} \text { Sales Revenue} &\\ \hline \begin{array}{l|l} &0\\\\\\ \end{array}\end{array}$

The following additional details are provided for the year:
$$\begin{array} { | l | r | } \hline \text { Direct materials placed in production } & \$ 81,100 \\\hline \text { Direct labor incurred } & 191,400 \\\hline \text { Manufacturing overhead incurred } & 301,800 \\\hline \begin{array} { l } \text { Manufacturing overhead allocated to } \\\text { production }\end{array} & 295,000 \\\hline \text { Cost of jobs completed and transferred } & 501,500 \\\hline\end{array}$$ The unadjusted balance in the Manufacturing Overhead account is a ________.

• A)credit of $295,000
• B)credit of $6,800
• C)debit of $6,800
• D)debit of $301,800

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Definitions:

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Research Design

A structured plan or strategy outlining how research will be conducted, including methods for collecting and analyzing data, to address specific research questions or hypotheses.

ISO Certification

A seal of approval from the International Organization for Standardization that a company's management system meets one of the international ISO management standards.

Total Quality Management

A management approach focused on continuous improvement, customer satisfaction, and the involvement of all members of an organization in improving processes, products, and services.