Longstaff Inc

question 142

Multiple Choice

Longstaff Inc. has provided the following data for the month of March. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Manufacturing overhead for the month was overapplied by $5,000. The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts.
The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for March would include the following:

• A)debit to Work in Process of $13,650
• B)debit to Work in Process of $500
• C)credit to Work in Process of $13,650
• D)credit to Work in Process of $500

---

Definitions:

Seven Rights

A guideline in medicine that ensures the correct patient receives the right drug, at the right dose, by the right route, at the right time, for the right reason, with the right documentation.

Intramuscular

Refers to the administration of medication directly into the muscle tissue for faster absorption than subcutaneous injection.

Delayed Absorption

A slower than usual process of a substance being absorbed into the body.

Sublingual

Under the tongue.