Smallwood Corporation Has Provided the Following Data Concerning Manufacturing Overhead

question 43

Multiple Choice

Smallwood Corporation has provided the following data concerning manufacturing overhead for January: The Corporation's Cost of Goods Sold was $223,000 prior to closing out its Manufacturing Overhead account.The Corporation closes out its Manufacturing Overhead account to Cost of Goods Sold.Which of the following statements is true?

• A)Manufacturing overhead for the month was overapplied by $5,000;Cost of Goods Sold after closing out the Manufacturing Overhead account is $228,000
• B)Manufacturing overhead for the month was underapplied by $5,000;Cost of Goods Sold after closing out the Manufacturing Overhead account is $218,000
• C)Manufacturing overhead for the month was underapplied by $5,000;Cost of Goods Sold after closing out the Manufacturing Overhead account is $228,000
• D)Manufacturing overhead for the month was overapplied by $5,000;Cost of Goods Sold after closing out the Manufacturing Overhead account is $218,000

---

Definitions:

Breast Milk

The milk produced by the mammary glands of human females, which contains essential nutrients and antibodies for the infant.

Piaget's Theory

A comprehensive theory of cognitive development proposed by Jean Piaget, which outlines how children progress through distinct stages of intellectual growth.

Intellectual Development

The growth and change in an individual’s cognitive abilities and capacities throughout the lifespan, including thinking, problem-solving, and decision-making skills.

Understandings

The comprehension or grasp of knowledge about a particular subject, issue, or situation.