Figure 4-7 the Cherokee Company Uses a Predetermined Overhead Rate

question 71

Multiple Choice

Figure 4-7 The Cherokee Company uses a predetermined overhead rate. The following accounts have these unadjusted balances:
Refer to Figure 4-7. If Manufacturing overhead was $12,000 overapplied and considered immaterial, what is the journal entry?

• A) Cost of Goods Sold $12,000 Manufacturing Overhead $12,000
• B) Manufacturing Overhead $12,000 Cost of Goods Sold $12,000
• C) Manufacturing Overhead $12,000 Raw Materials $2,000 Work in Process $4,000 Finished Goods $1,000 Cost of Goods Sold $5,000
• D) Raw Materials $2,000 Work in process $4,000 Finished Goods $1,000 Cost of Goods Sold $5,000 Manufacturing Overhead $12,000
• E) Manufacturing Overhead $12,000 Work in Process $4,800 Finished Goods $1,200 Cost of Goods Sold $6,000

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Definitions:

Inhibitory Neurotransmitter

A type of neurotransmitter that reduces the likelihood of the neuron it binds to from firing an action potential, effectively decreasing activity in the nervous system.

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A toxic condition resulting from the ingestion of strychnine, a potent neurotoxin used as a pesticide.

Glycine

The smallest and simplest amino acid, important in the synthesis of proteins and other metabolic functions.

Enkephalins

Peptides in the brain that bind to opiate receptors, acting as natural painkillers and also involved in various bodily functions.