Midtown,Inc

question 55

Multiple Choice

Midtown,Inc.uses a predetermined overhead allocation rate of $67 per direct labor hour.In January,the company completed Job A23 which utilized 18 direct labor hours.Which of the following correctly describes the journal entry to allocate overhead to the job?

• A) debit Finished Goods Inventory $1206 and credit Manufacturing Overhead $1206
• B) debit Manufacturing Overhead $67 and credit Work-in-Process Inventory $67
• C) debit Work-in-Process Inventory $1206 and credit Manufacturing Overhead $1206
• D) debit Cost of Goods Sold $67 and credit Finished Goods Inventory $67

---

Definitions:

Online Relationships

Emotional or social connections formed between people through digital platforms, such as social media or dating websites.

Dependent Variable

The variable in an experiment or study that is expected to change as a result of variations in the independent variable.

Interpersonal Relationships

The connections and interactions between individuals, often analyzed in various contexts such as social, workplace, or family settings.

Online Games

Digital games that are played over the internet, allowing multiple players to interact within a virtual game environment.