Conoco Company Has an Actual Factory Overhead Cost of Depreciation

question 115

Multiple Choice

Conoco Company has an actual factory overhead cost of Depreciation Expense-Equipment of $5,000.Job-order costing is used.The journal entry to record this actual cost would include ________.

• A) Debit to Factory Department Overhead Control $5,000 and Credit to Accumulated Depreciation-Equipment $5,000
• B) Debit to Depreciation Expense-Equipment $5,000 and Credit to Accumulated Depreciation-Equipment $5,000
• C) Debit Work-In-Process Inventory $5,000 and Credit to Factory Department Overhead Control $5,000
• D) Debit to Work-In-Process Inventory $5,000 and Credit to Factory Department Overhead Applied $5,000

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Definitions:

Recency Effect

The tendency to remember the most recently presented information best, often seen in studies of memory and cognition.

Chunking Effect

Chunking Effect is the cognitive process of breaking down complex information into smaller, manageable units (or chunks) to improve memory and recall.

Primacy Effect

The tendency to remember information at the beginning of a list better than information that comes later.

False Positives

Occurrences where a test incorrectly indicates the presence of a condition or attribute.