The Following Data Is Available for Sykes Company, a Small $\quad$

question 326

Multiple Choice

The following data is available for Sykes Company, a small manufacturing firm, for the month of October:
Actual manufacturing overhead costs incurred $\quad$ $56,000
Manufacturing overhead Allocated to jobs $\quad$$\quad$ 58,000
Over allocated manufacturing overhead $\quad$$\quad$$\quad$ $2,000

Assume that the amount of over allocated manufacturing overhead is not material.
Sykes Company will dispose of the under allocation by

• A) increasing cost of goods sold by $2,000.
• B) decreasing cost of goods sold by $2,000.
• C) reducing cost of goods manufactured by $2,000.
• D) decreasing cost of goods manufactured by $2,000.

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Definitions:

Phallic Stage

A stage in Freud's theory of psychosexual development, occurring between ages 3 and 6, where the libido is centered on the genital area.

Superego Development

The formation and growth of the superego, which is the part of the personality that holds moral standards, ideals, and conscience.

Castration Anxiety

A psychoanalytic concept suggesting that the fear of losing one’s genitalia or their power as a symbolic representation of masculinity.

Identifying

The process of recognizing and acknowledging traits, qualities, or feelings as being part of oneself.