Mai Ling Inc., incurred the following actual overhead costs for the month of March: Account Cost Indirect materials 8,000 Indirect labor 25,000 Factory equipment depreciation 6,000 Factory building rent 7,000 Environmental compliance costs 5,000 Overhead is applied based on a predetermined rate of $10 per direct labor hour, and 6,000 direct labor hours were used during March. The balance of the T account for Manufacturing Overhead (MOH) would show which of the following? Group of answer choices $9,000 of debit balance of overallocated MOH $14,000 of debit balance of under allocated MOH $14,000 of credit balance of overallocated MOH $9,000 of credit balance of overallocated MOH
Mai Ling Inc., incurred the following actual overhead costs for the month of March: Account Cost Indirect materials 8,000 Indirect labor 25,000 Factory equipment depreciation 6,000 Factory building rent 7,000 Environmental compliance costs 5,000 Overhead is applied based on a predetermined rate of $10 per direct labor hour, and 6,000 direct labor hours were used during March. The balance of the T account for Manufacturing Overhead (MOH) would show which of the following? Group of answer choices $9,000 of debit balance of overallocated MOH $14,000 of debit balance of under allocated MOH $14,000 of credit balance of overallocated MOH $9,000 of credit balance of overallocated MOH
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Mai Ling Inc., incurred the following actual overhead costs for the month of March:
| Account | Cost |
|---|---|
| Indirect materials | 8,000 |
| Indirect labor | 25,000 |
| Factory equipment |
6,000 |
| Factory building rent | 7,000 |
| Environmental compliance costs | 5,000 |
Overhead is applied based on a predetermined rate of $10 per direct labor hour, and 6,000 direct labor hours were used during March. The balance of the T account for Manufacturing Overhead (MOH) would show which of the following?
Group of answer choices
$9,000 of debit balance of overallocated MOH
$14,000 of debit balance of under allocated MOH
$14,000 of credit balance of overallocated MOH
$9,000 of credit balance of overallocated MOH
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