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Author Question: To adjust for underapplied overhead, the journal entry includes a debit to Cost of Goods Sold and a ... (Read 53 times)

mt05945

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Question 1

If the amount of underapplied or overapplied manufacturing overhead is small, most companies will make the entry to close the Manufacturing Overhead account by charging the entire amount to Work in Process.
◦ true
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Question 2

To adjust for underapplied overhead, the journal entry includes a debit to Cost of Goods Sold and a credit to Manufacturing Overhead Control.
◦ true
◦ false


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Marked as best answer by mt05945 on Feb 5, 2023

char00char

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mt05945

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review


upturnedfurball

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Reply 3 on: Yesterday
Gracias!

 

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