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Author Question: Manufacturing overhead costs incurred for the month are: Utilities$45,000Depreciation on ... (Read 50 times)

tiffannnnyyyyyy

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on: Mar 6, 2021

Question 1

In a normal costing system, the Manufacturing Overhead Control account ________.
◦ is increased by allocated manufacturing overhead
◦ is credited with amounts transferred to Work-in-Process
◦ is decreased by allocated manufacturing overhead
◦ is debited with actual overhead costs

Question 2

Manufacturing overhead costs incurred for the month are:

Utilities$45,000
Depreciation on equipment$27,000
Repairs$17,000

Which account is debited assuming utilities and repairs were on account?
◦ Manufacturing Overhead Control, 89,000
◦ Utilities Overhead Control, 45,000
◦ Accumulated Depreciation Control, 27,000
◦ Accounts Payable Control, 62,000
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by tiffannnnyyyyyy on Mar 6, 2021

wtf444

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Reply #1 on: Mar 6, 2021
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tiffannnnyyyyyy

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

T4T

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Reply 3 on: Yesterday
Excellent

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