Kubinski Inc

question 162

Multiple Choice

Kubinski Inc. has provided the following data for the month of September. 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 $2,000. 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 September would include the following:

• A)debit to Finished Goods of $33,090
• B)debit to Finished Goods of $300
• C)credit to Finished Goods of $33,090
• D)credit to Finished Goods of $300

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Definitions:

Fire Supervision

It entails the management and strategic oversight of procedures related to preventing, controlling, and extinguishing fires, primarily within organizational or industrial settings.

Fire Prevention

Measures and practices aimed at reducing the risk and severity of fires to protect lives and property.

Emergency Medical Services

Healthcare services provided in response to immediate medical emergencies outside of a hospital.

Closed

Pertaining to a system or situation that is not open to new information, influences, or input from outside sources.