If Overhead Was Overapplied During the Accounting Period by an Insignificant

question 64

Multiple Choice

If overhead was overapplied during the accounting period by an insignificant amount,the entry to close the Manufacturing Overhead account will include a:

• A) Debit to Cost of Goods Sold and a credit to Manufacturing Overhead.
• B) Debit to Cost of Goods Sold and a credit to Finished Goods Inventory.
• C) Debit to Manufacturing Overhead and a credit to Cost of Goods Sold.
• D) Debit to Finished Goods Inventory and a credit to Manufacturing Overhead.

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Definitions:

Dermis

The thick layer of living tissue below the epidermis that forms the true skin, containing blood capillaries, nerve endings, sweat glands, hair follicles, and other structures.

Thread Lift

A minimally invasive cosmetic procedure used to lift and sculpt the shape of your face or breasts by using temporary, medical-grade suture material.

Dermabrasion

A cosmetic medical procedure involving the removal of the outer layers of skin, typically to improve the appearance of scars or signs of aging.

Chemical Peel

A skin-resurfacing procedure in which a chemical solution is applied to the skin to remove the top layers, intended to improve the appearance by reducing wrinkles, blemishes, or acne scars.