Kaleohano Corporation Has Provided Data Concerning the Corporation's Manufacturing Overhead

question 159

Multiple Choice

Kaleohano Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of July. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $62,000 and the total of the credits to the account was $73,000. Which of the following statements is true?

• A)Manufacturing overhead for the month was underapplied by $11,000.
• B)Manufacturing overhead applied to Work in Process for the month was $62,000.
• C)Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $73,000.
• D)Actual manufacturing overhead for the month was $62,000.

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Definitions:

Delegating

The process of assigning responsibility or authority to another person to carry out specific activities.

Unregulated Care Providers (UCP)

Unregulated Care Providers refer to individuals who deliver health or personal care services without being regulated by professional bodies, often within informal settings.

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and disclose the results in a transparent manner.

Appreciative Inquiry

An approach to organization change that focuses on what is positive by asking participants to share their experiences and successes, examine the challenges, and explore what is working well.