Applying Manufacturing Overhead – LO 3-1
Managerial Accounting
Garrison, Noreen, and Brewer
17th Edition
What is recorded when manufacturing overhead is applied to Work in Process?
What is recorded when manufacturing overhead is applied to Work in Process?
Asks about two columns IN TOTAL and PER UNIT and how mixed costs behave.
Gives Sales, variable selling expenses, cost of goods sold, fixed admin and selling, var admin. Asks for the contribution margin.
Your numbers will vary.
Asks about the difference between absorption and variable costing with long winded, wordy answers.
Asks about bad debts and if they should be recognized as an expense
Given three different statements… determine whether they are true or false.
Given three descriptions of business activities… match them with the type of business activity.
Match the business organization with the given descriptions.
Match the account type with the given description.
Given five scenarios… classify as an asset, liability, equity, revenue, or expense.