Figure 4-7 The Cherokee Company Uses a Predetermined Overhead Rate. the Following

question 125

Multiple Choice

Figure 4-7
The Cherokee Company uses a predetermined overhead rate. The following accounts have these unadjusted balances:
Raw Materials $20,000 Work in Process $40,000 Finished Goods $10,000 Cost of Goods Sold $50,000
-Refer to Figure 4-7. If Manufacturing overhead was $12,000 overapplied and considered material, what is the journal entry?

• A) Cost of Goods Sold $12,000 Manufacturing Overhead $12,000
• B) Manufacturing Overhead $12,000 Cost of Goods Sold $12,000
• C) Manufacturing Overhead $12,000 Raw Materials $2,000 Work in Process $4,000 Finished Goods $1,000 Cost of Goods Sold $5,000
• D) Raw Materials $2,000 Work in Process $4,000 Finished Goods $1,000 Cost of Goods Sold $5,000 Manufacturing Overhead $12,000
• E) Manufacturing Overhead $12,000 Work in Process $4,800 Finished Goods $1,200 Cost of Goods Sold $6,000

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Definitions:

Behaviorism

A school of psychology that focuses on observable behaviors and the ways they're learned, emphasizing the role of environmental factors over inner experiences.

Violent Behavior

Actions that involve force or the threat of force intended to hurt, damage, or kill someone or something.

Behavioral Motivation

The drive behind actions, often analyzed in terms of desires, needs, and rewards, within the context of behaviorism.

Evolutionary Psychologists

Researchers who study the role of evolutionary processes in shaping human psychology and behavior.