Mieras Inc Manufacturing Overhead for the Month Was Underapplied by $2,000

question 22

Multiple Choice

Mieras Inc.has provided the following data for the month of November.There were no beginning inventories;consequently,the direct materials,direct labor,and manufacturing overhead applied listed below are all for the current month. $\begin{array}{lrrrr}&\text {Work In}&\text { Finished }&\text {Cost of }\\&\text {Process}&\text { Goods}&\text { Goods Sold}&\text { Total}\\\text {Direct materials.............}&\$ 3,880 & \$ 11,440 & \$57,070& \$ 72,390 \\\text {Direct labor...................}&5,100 & 16,720& 83,410 &105,230 \\\text {Manufacturing overhead}&\\\text { applied..........................}&\underline{4,690} & \underline{10,720}& \underline{51,590} & \underline{67,000} \\\text {Total.............................}&\underline{ \$ 13,670} & \underline{ \$ 38,880} & \underline{ \$ 192,070} & \underline{\$ 244,620}\end{array}$ Manufacturing overhead for the month was underapplied by $2,000. The company allocates any underapplied or overapplied overhead among work in process,finished goods,and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts.
The journal entry to record the allocation of any underapplied or overapplied overhead for November would include the following:

• A)credit to Work in Process of $140
• B)debit to Work in Process of $140
• C)credit to Work in Process of $13,670
• D)debit to Work in Process of $13,670

Recognize the historical development of control methods within organizations.

Evaluate employee responses to organizational culture and control.

Comprehend the interconnectedness of organizational members and their roles.

Differentiate between various forms of organizational control and their implications.

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Definitions:

Meta-Analytic Studies

Research studies that statistically combine results from multiple studies to derive conclusions about the data collectively.

Behavioral Therapy

A type of psychotherapy that focuses on changing negative behaviors into positive ones through conditioning and reinforcement.

Schema Focused Psychotherapy

A form of psychotherapy that blends cognitive-behavioral, experiential, interpersonal, and psychoanalytic techniques to change deep-seated patterns in thinking and behavior.

Psychodynamic Therapy

A therapeutic approach that emphasizes understanding the unconscious processes as they are manifested in a person's present behavior, with roots in Freudian psychoanalysis.