Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. quiz navigation yuko corporation has determined to

Quiz navigation Yuko Corporation has determined to prorate over-applied or under-applied overhead among the ending...

90.2K

Verified Solution

Question

Accounting

image

Quiz navigation Yuko Corporation has determined to prorate over-applied or under-applied overhead among the ending balance of Cost of Goods Sold (the existing balance: $20,000), Work in process (existing balance $20,000), and finished good inventory (existing balance $60,000). Prior to closing, the total of debits to th MOH control account was $73,000 and the total of credits to the MOH allocated account was $109,000, Which of the following statements MUST be true? 12345 6 1 7 1910 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Select one: a. Manufacturing overhead was over-allocated by $36,000 and $7,200 of those over-allocated was adjusted to the Work in Process account b. Manufacturing overhead was over-allocated by $36,000 and $7,200 of those over-allocated was adjusted to finished goods account C. Manufacturing overhead allocated to Finished good inventory for the month was $109,000 d. Manufacturing overhead was under-allocated by $36,000 and $7,200 of those over-allocated was adjusted to the Work in Process account Finish attempt Time left 0:53:32 Next page ge

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students