Question

Hults Corporation has provided data concerning the company's Manufacturing Overhead account for the month of November. 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 $75,150 and the total of the credits to the account was $66,900. Which of the following statements is true?

A. Manufacturing overhead applied to Work in Process for the month was $68,800.B. Manufacturing overhead for the month was underapplied by $8,000.C. Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $68,800.D. Actual manufacturing overhead incurred during the month was $60,800.

Answer 1

Manufacturing overhead for the month was underapplied by $8,250.

Step-by-step explanation:

Since in the question it is mentioned that the total debits of manufacturing overhead is $75,150 and the total credits of manufacturing overhead is $66,900

So the difference is of

= $75,150 - $66,900

= $8,250

This amount would be reflected as an underapplied overhead

This is the answer and the same is to considered

The all options that are given are wrong.