Midtown,Inc

question 127

Multiple Choice

Midtown,Inc.uses a predetermined overhead allocation rate of $68 per direct labor hour.In January,the company completed Job A23 which utilized 24 direct labor hours.Which of the following correctly describes the journal entry to allocate overhead to the job?

• A) debit Finished Goods Inventory $1,632 and credit Manufacturing Overhead $1,632
• B) debit Manufacturing Overhead $68 and credit Work-in-Process Inventory $68
• C) debit Work-in-Process Inventory $1,632 and credit Manufacturing Overhead $1,632
• D) debit Cost of Goods Sold $68 and credit Finished Goods Inventory $68

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Definitions:

Workforce Analytics

The use of data analytics techniques to analyze workforce data and insights to improve HR decision-making and strategies.

Candidate Success

The achievement of a job applicant in securing a position and subsequently performing successfully in that role, often influenced by the recruitment process and organizational support.

HR Analytics

An evidence-based approach for making better decisions about employees and HR policies, using a variety of tools to report HR metrics and to predict outcomes of HR programs.

Workforce Analytics

The use of statistical methods and analytical tools to analyze employee data and improve organizational decisions, workforce planning, and HR policies.