1 answer

21. Bretthauer Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of...

Question:

21. Bretthauer Corporation has provided data concerning the Corporations Manufacturing Overhead account for the month of Jul
21. Bretthauer Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of July Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $55,000 and the total of the credits to the account was $66,000 Which of the following statements is true? O Manufacturing overhead applied to Work in Process for the month was $66.00o O Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $55,000 O Actual manufacturing overhead incurred during the month was s66000 O Manufacturing overhead for the month was underapplied by $1000

Answers

The correct answer is "Manufacturing overhead applied to Work in Process for the month was $66,000".

Supporting Explanations:

Whatever costs incurred and transferred to cost of goods sold for finished goods will appear on the debit side of the Manufacturing account and whatever overheads applied towards to Work-In Process Inventory are appear on the credit side of the Manufacturing account. In the given question, the total of credit of $66,000 to the Manufacturing account will be transferred or applied to Work-in Process account. Thus, the correct answer is "Manufacturing overhead applied to Work-in process for the month was $66,000.

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