Question: [Ch2] Manufacturing overhead is over-applied if Select one: O a. actual overhead equals applied overhead. O b. actual overhead is less than applied. O c.

 [Ch2] Manufacturing overhead is over-applied if Select one: O a. actualoverhead equals applied overhead. O b. actual overhead is less than applied.

[Ch2] Manufacturing overhead is over-applied if Select one: O a. actual overhead equals applied overhead. O b. actual overhead is less than applied. O c. the predetermined rate equals the actual rate. O d. actual overhead is greater than applied. [Ch2] You're to make a journal entry to apply manufacturing overhead costs to a job, say Job #231. Which account do you credit? Assume the company uses the traditional normal costing. Select one: O a. Raw Materials Inventory. O b. Work in Process - Job #231. O c. Manufacturing Overhead. O d. Direct Labor. [Ch2] You're to make a journal entry to allocate [i.e., apply] manufacturing overhead costs. Which account do you debit? Assume the company uses the traditional normal costing. Select one: O a. Raw Materials Inventory. b. Raw Materials Purchases. O c. Manufacturing Overhead. O d. Work in Process. [Ch2] Mynex Company completes Job No. 26 at a cost of $6,000 and later sells it for $11,000 cash. A correct entry is Select one: O a. Debit Cost of Goods Sold $11,000 and credit Finished Goods Inventory $11,000. O b. Debit Finished Goods Inventory $11,000 and credit Work in Process Inventory $11,000. O c. Debit Accounts Receivable $11,000 and credit Sales $11,000. d. Debit Finished Goods Inventory $6,000 and credit Work in Process Inventory $6,000. [Ch2] Company D's factory requisitioned Indirect Materials costing $9,000 in total. You're to make a journal entry to record this transaction. Which account do you have to debit? Select one: a. Manufacturing Overhead. O b. Raw Materials Purchases. O c. Work in Process. O d. Raw Materials Inventory

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