ACCT 505 DeVry Entire Course

ACCT 505 DeVry Entire Course 

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ACCT 505 DeVry Entire Course 

ACCT 505 DeVry Week 1 DQ 1 

Introduction and Cost Behavior – Discussion 

Cost Terms, Classifications, and Behavior (Graded) 

Welcome to our Week 1 Discussions! To get us started, let's consider the following questions. 

1) Would a traditional income statement differ depending on whether the business is a service organization, 

merchandiser, or manufacturer? 

2) Could we use managerial accounting tools to assess the profitability of an organization other than a manufacturing 

business, or are the topics that we are learning only related to manufacturing? 

3) If we could use these concepts in service and/or merchandising businesses, how would we go about doing so? Let's 

start with the first question. 


Introduction and Cost Behavior - Discussion 

Research and Application (Graded) 

Go to page 130, Case 3-30, Ethics and the Manager. Let’s discuss the questions, make value-added comments, points, 

and share personal experiences of unethical situations. 

ACCT 505 DeVry Week 1 Assignments: 

ACCT 505 Week 1 Case Study 1 Top Switch Inc (Source 2) 

ACCT 505 Week 1 Case Study 1 Top Switch Inc. 

ACCT 505 Week 1 Case Study 1 Top Switch Inc 

ACCT 505 Week 1 Practice Homework Assignments P 2-22, P 3-22, E 2-12; E 2-4 


Job Order and Process Costing Systems - Discussion

Job Order and Process Costing Systems (Graded) 

Welcome to our Week 2 Discussions! Let's begin by discussing when job order costing systems would be more 

appropriate than a process costing system. 


Job Order and Process Costing Systems - Discussion 


Go to page 166 and read Case 4-19, Ethics and the Manager: Understanding the Impact of Percentage Completion on 

Profit. Let’s address the questions, provide reasons for our answers, share relevant personal experiences, and provide 

value-added comments, articles, and related websites. Let’s have a lot of interaction. 


ACCT 505 DeVry Week 2 Chapter 3 Systems Design - Job-Order Costing 

ACCT 505 DeVry Week 2 Quiz (MCQs & Explanatory) 

1. (TCO F) Computing unit product costs involves averaging in 

2. (TCO F) Luft Company uses the weighted-average method in its process costing system. Operating data for 

the first processing department for the month of June appear below: 

3. (TCO F) Assume there was no beginning work in process inventory and the ending work in process inventory 

is 70% complete with respect to conversion costs. Under the weighted-average method, the number of equivalent units 

of production with respect to conversion costs would be: (Points : 5) 

4. (TCO F) Which of the following accounts is debited when direct labor is recorded? (Points : 5) 

5. (TCO F) During December at Ingrim Corporation, $74,000 of raw materials were requisitioned from the storeroom 

for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled 

$6,000. The journal entry to record the requisition from the storeroom would include a: (Points : 5) 

6. (TCO F) Wedd Corporation had $35,000 of raw materials on hand on May 1. During the month, the company 

purchased an additional $68,000 of raw materials. During May, $92,000 of raw materials were requisitioned from the 

storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials 

totaled $5,000. The debits to the Work in Process account as a consequence of the raw materials transactions in May 

total: (Points : 5) 

7. (TCO F) Whether a company uses process costing or job-order costing depends on its industry. A number of 

companies in different industries are listed below: 

8. (TCO F) Job 728 was recently completed. The following data have been recorded on its job cost sheet: 

9. (TCO F) Harmon Company uses the weighted-average method in its process costing system. The Curing 

Department of Harmon Company reported the following information for the month of November. 

10. (TCO F) Weisinger Corporation has provided the following data for the month of January:. Prepare a Schedule 

of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold in good form(Points : 15) 


Cost-Volume-Profit Analysis and Variable Costing - Discussion

Variable Costing and CVP Concepts (Graded) 

Welcome to our Week 3 Discussions! To get us started, let's discuss how CVP analysis is used in managerial 

accounting decision-making. 


Cost-Volume-Profit Analysis and Variable Costing - Discussion 


Below is the link that will take you directly to the 2004 financial statements of the Benetton Group, followed by the 

discussion questions. 

http://www.benettongroup.com/sites/all/temp/doc/2004_annual_report_en.pdf 

Let's answer these questions in the order that they appear. 

1. How do the formats of the income statements shown on pages 33 and 50 of Benetton’s annual report differ from 

one another (disregard everything beneath the line titled “income from operations”)? Which expenses shown on page 

50 appear to have been reclassified as variable selling costs on page 33? 

2. Why do you think cost of sales is included in the computation of contribution margin on page 33? 

3. Perform two separate computations of Benetton’s break-even point in euros. For the first computation, use data from 

2003. For the second computation, use data from 2004. Why do the numbers that you computed differ from one 

another? 

4. What sales volume would have been necessary in 2004 for Benetton to attain a target income from operations of 

€300 million? 

5. Compute Benetton’s margin of safety using data from 2003 and 2004. Why do your answers for the two years differ 

from one another? 


ACCT 505 Week 3 Case study II Springfield Express (Source 1) 

ACCT 505 Week 3 Case Study II Springfield Express (Source 2) 




ABC and Budgeting - Discussion 

Budgeting Case Study (Graded) 

Let's start the week by reviewing the following case. First, let's discuss how the budgeting process as employed by 

Springfield contributes to the failure to achieve the president's sales and profit targets. Click here to view the file 


ABC and Budgeting - Discussion 

Exam Review (Graded)

To begin, download the practice Midterm Exam from Doc Sharing to access questions and topics for review. For 

multiple-choice questions, please explain why the answer chosen is correct, and why the other choices would not be 

correct. Please support your response. Let's begin with the questions on Page 1. 

ACCT 505 DeVry Week 4 Midterm Exam Set 1 

(MCQs & Explanatory) 

Page One 

1. (TCO A) Direct material cost is a part of:(Points : 6) 

2. (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n): (Points : 6) 

3. (TCO A) The cost of lubricants used to grease a production machine in a manufacturing company is an example of 

a(n): (Points : 6) 

4. (TCO A) When the activity level is expected to increase within the relevant range, what effects would be anticipated 

with respect to each of the following? 

5. (TCO F) Emco Company uses direct labor cost as a basis for computing its predetermined overhead rate. In 

computing the predetermined overhead rate for last year, the company included in direct labor cost a portion of indirect 

labor. The effect of this misclassification will be to: (Points : 6) 

6. (TCO F) Which of the following statements about process costing system is incorrect?(Points : 6) 

7. (TCO F) The weighted-average method of process costing differs from the FIFO method of process costing in that 

the weighted-average method: (Points : 6) 

8. (TCO B) The contribution margin ratio always increases when the:(Points : 6) 

9. (TCO B) The unit sales needed to attain the target profit is found by: (Points : 6) 

10. (TCO E) In an income statement prepared using the variable costing method, variable selling and administrative 

expenses would: (Points : 6) 

Page Two 

1. (TCO A). The following data (in thousands of dollars) have been taken from the accounting records of Larklin 

Corporation for the just completed year…….. Required: Prepare a Schedule of Cost of Goods Manufactured statement 

in the text box below.(Points : 15) 

2. (TCO F) The Indiana Company manufactures a product that goes through three processing departments. Information 

relating to activity in the first department during June is given below:……..The department started 290,000 units into 

production during the month and transferred 300,000 completed units to the next department………. (Points : 20) 

3. (TCO B) A tile manufacturer has supplied the following data:………Calculate the company's unit contribution ratioc. 

If the company increases its unit sales volume by 5% without increasing its fixed expenses, what would the company's 

net operating income be? (Points : 25) 

4. (TCO E) Lehne Company, which has only one product, has provided the following data concerning its most recent 

month of operations:………The company produces the same number of units every month, although the sales in units 

vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month 

to month……..(Points : 30) 


(MCQs & Explanatory) 

1. (TCO A) The variable portion of advertising costs is a.............

2. (TCO A) The costs of staffing and operating the accounting department at Central Hospital would be considered by 

the Department of Surgery to be......... 

3. (TCO A) The cost of lubricants used to grease a production machine in a manufacturing company is an example of 

a(n):............... 



5. (TCO F) Which of the following statements is true? I. Overhead application may be made slowly as a job is worked 

on. II. Overhead application may be made in a single application at the time of completion of the job. III. Overhead 

application should be made to any job not completed at year end in order to properly value the work in process 

inventory. 

6. (TCO F) Which of the following statements about the process-costing system is incorrect? 

7. (TCO F) The weighted-average method of process costing differs from the FIFO method of process costing in that 

the weighted-average method........... 

8. (TCO B) The contribution margin equals........ 

9. (TCO B) Which of the following would not affect the break-even point? 


expenses would.......... 


(MCQs & Essay) 

Page One 

1. (TCO A) Wages paid to an assembly line worker in a factory are a: 

2. (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as a(n): 

3. (TCO A) Property taxes on a company's factory building would be classified as a(n): 



Fixed Cost Per Unit Variable Cost Per Unit 

5. (TCO F) Which of the following statements is true? I. Overhead application may be made slowly as a job is worked 

on. II. Overhead application may be made in a single application at the time of completion of the job. III. Overhead 

application should be made to any job not completed at year-end in order to properly value the work in process 

inventory. 

6. (TCO F) Which of the following statements about process costing system is incorrect? 

7. (TCO F) Equivalent units for a process costing system using the FIFO method would be equal to: 

8. (TCO B) The contribution margin ratio always increases when the: 

9. (TCO B) Which of the following would not affect the break-even point? 


expenses would: 

Page Two 

1. (TCO A) The following data (in thousands of dollars) have been taken from the accounting records of Larden 

Corporation for the just completed year. 

2. (TCO F) The Illinois Company manufactures a product that goes through three processing departments. Information 

relating to activity in the first department during June is given below:

3. (TCO B) Drake Company's income statement for the most recent year appears below: 

4. (TCO E) The Dean Company produces and sells a single product. The following data refer to the year just completed: 


(MCQs & Essay) 

1. (TCO A) Wages paid to a timekeeper in a factory are a ______. 

2. (TCO A) The costs of staffing and operating the accounting department at Central Hospital would be considered by 

the Department of Surgery to be ______. 

3. (TCO A) Inventoriable costs are also known as ______. 

4. (TCO A) Within the relevant range, variable costs can be expected to ______. 

5. (TCO F) When manufacturing overhead is applied to production, it is added to ______. 

6. (TCO F) Under a job-order costing system, the dollar amount transferred from Work in Process to Finished Goods 

is the sum of the costs charged to all jobs ______. 

7. (TCO F) Equivalent units for a process costing system using the FIFO method would be equal to___. 

8. (TCO B) The contribution margin ratio always decreases when the ______. 

9. (TCO B) The break-even point in unit sales is found by dividing total fixed expenses by______. 

10. (TCO E) Under variable costing, ______. 


Measuring Performance - Discussion 

Standards, Variances, Flexible Budgets (Graded) 

To begin, please read Case 10B-5 on page 471, Ethics and the Manager. How were the standard costs developed? 

Are the standards set too high or too low? Please elaborate. 


Measuring Performance - Discussion 


Let's look at Case 9-26, Ethics and the Manager, in Chapter 9, page 414, and address and discuss the question there. 

ACCT 505 DeVry Week 5 Assignment 

ACCT 505 Week 5 Course Project A (Measuring Performance) 


Segment Reporting and Relevant Costs for Decisions - Discussion

Segment Reporting and Relevant Costs (Graded) 

To begin, please read Case 12-32 on page 576. Which costs are relevant in the decision to shut down the Ashton 

facility? Then, let’s answer the questions at the end of the case. Also, value-added comments, points, and experiences 

are welcome and encouraged. 


Segment Reporting and Relevant Costs for Decisions - Discussion 


To begin, please read Case 11-22 on page 505 of the e-book and let's discuss the first question! Value-added 

comments, points, and experiences are also welcomed and encouraged. 

ACCT 505 DeVry Week 6 Assignment 

ACCT 505 Week 6 Quiz (MCQs & Explanatory) 


Capital Budgeting - Discussion 

Capital Budgeting (Graded) 

Welcome to Week 7 Discussions! Let's begin by discussing the difference between capital budgeting screening 

decisions and capital budgeting preference decisions. Then, we will entertain additional questions relating to important 

capital budgeting terms, concepts, tools, methods, etc. 

Value-added, comments, points, observations, and experiences are welcomed and encouraged. 


Capital Budgeting - Discussion 

Exam Review (Graded) 

To begin, download the Practice Final Exam from Doc Sharing to access questions and topics for review. For multiplechoice 

questions, please explain why the answer chosen is correct and why the other choices would not be correct. 

Please support your response. Let's begin with the questions on page 1. 

ACCT 505 DeVry Week 7 Assignments 

ACCT 505 Week 7 Course Project Part B; Clark Paints (Source 1) 

ACCT 505 Week 7 Course Project Part B; Clark Paints (Source 2) 

ACCT 505 Week 7 Term Project 

ACCT 505 DeVry Week 8 Final Exam (Version 1) 

1. (TCO A) Wages paid to the factory maintenance supervisor are considered an example of: (Points : 5)

2. (TCO A) Rent on a manufacturing plant is an element of: (Points : 5) 

3. (TCO B) Evergreen Corp. has provided the following data: (Points : 5) 

4. (TCO B) Garth Company sells a single product. If the selling price per unit and the variable expense per unit both 

increase by 10% and fixed expenses do not change, then: (Points : 5) 

5. (TCO E) Rebel Company manufactures a single product and has the following cost structure: Variable costs per 

unit:……………. (Points : 5) 

6. (TCO F) Vagon Corporation has provided data concerning the company's Manufacturing Overhead account for the 

month of September. 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 $76,000 and the total of the credits to the account was 

$86,000. Which of the following statements is true? (Points : 5) 

7. (TCO G) The net present value (NPV) method of investment project analysis assumes that the project's cash flows 

are reinvested at the:………… (Points : 5) 

8. (TCO G) Logan Company is considering two projects, A and B. The following information has been gathered on 

these projects:……….Based on this information, which of the following statements is (are) true? I. Project A has the 

highest ranking according to the profitability index criterion. II. Project B has the highest ranking according to the net 

present value criterion. (Points : 5) 

9. (TCO B) Variable expenses for Alpha Company are 40% of sales. What are sales at the break-even point, assuming 

that fixed expenses total $150,000 per year: (Points : 5) 

10. (TCO F) Elliott Company uses a predetermined overhead rate based on machine-hours to apply manufacturing 

overhead to jobs. The company manufactures tools to customer specifications. The following data pertain to Job 

1501:…………….? (Points : 5) 

11. (2.1) (TCO C) The following overhead data are for a department of a large company. 

12. (2.2) (TCO D) Mr. Earl Pearl, Accountant for Margie Knall, Inc. has prepared the following product-line income 

data:………. 

13. (2.3) (TCO E) Duif Company's absorption costing income statement for the last year of operations is presented 

below:………. 

14. (2.4) (TCO A) The following data (in thousands of dollars) have been taken from the accounting records of Karmana 

Corporation for the just completed year……. 

15. (3.1) (TCO F) Maverick Corporation uses the weighted-average method in its process costing system. Data 

concerning the first processing department for the most recent month are listed below: Work in process, 

beginning:………. 

16. (3.2) (TCO F) Cavalerio Corporation uses the weighted-average method in its process costing system. This month, 

the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion 

of these units in beginning inventory were: 

17. (3.3) (TCO G) (Ignore income taxes in this problem.) Five years ago, the City of Paranoya spent $30,000 to 

purchase a computerized radar system called W.A.S.T.E. (Watching Aliens Sent To Earth). Recently, a sales rep from 

W.A.S.T.E. Radar Company told the city manager about a new and improved radar system that can be purchased for 

$50,000. The rep also told the manager that the company would give the city $10,000 in trade on the old system. The 

new system will last 10 years. The old system will also last that long but only if a $4,000 upgrade is done in 5 years. 

The manager assembled the following information to use in the decision regarding which system is more desirable. 


1. A good example of a common cost which normally could not be assigned to products on a segmented income 

statement except on an arbitrary basis would be: 

2. Turnover is computed by dividing average operating assets into: 

3. A segment of a business responsible for both revenues and expenses would be called: 

4. All other things being equal, if a division's traceable fixed expenses increase: 

5. In computing the margin in a ROI analysis, which of the following is used?

6. Net operating income is defined as: 

7. Suppose a manager is to be measured by residual income. Which of the following will not result in an increase 

in the residual income figure for this manager, assuming other factors remain constant? 

8. During April, Division D of Carney Company had a segment margin ratio of 15%, a variable expense ratio of 

60% of sales, and traceable fixed expenses of $15,000. Division D's sales were closest to: 

9. Cable Company had the following results for the year just ended: 

10. The segment margin ratio in Store J was: 

11. Company A's residual income is: 

12. Company A's return on investment (ROI) is: 

13. If South wants a residual income of $50,000 and the minimum required rate of return is 10%, the annual 

turnover will have to be: 

14. How much is the return on the investment? 

15. Consider a decision facing a firm of either accepting or rejecting a special offer for one of its products. A cost 

that is not relevant is: 

16. A study has been conducted to determine if Product A should be dropped. Sales of the product total $200,000 

per year; variable expenses total $140,000 per year. Fixed expenses charged to the product total $90,000 per 

year. The company estimates that $40,000 of these fixed expenses will continue even if the product is 

dropped. These data indicate that if Product A is dropped, the company's overall net operating income would: 

17. Manor Company plans to discontinue a department that has a contribution margin of $24,000 and $48,000 in 

fixed costs. Of the fixed costs, $21,000 cannot be avoided. The effect of this discontinuance on Manor's overall 

net operating income would be a(an): 

18. Manor Company plans to discontinue a department that has a contribution margin of $25,000 and $50,000 in 

fixed costs. Of the fixed costs, $21,000 cannot be eliminated. The effect on the profit of Manor Company of 

discontinuing this department would be: 

19. Green Company produces 1,000 parts per year, which are used in the assembly of one of its products. The 

unit product cost of these parts is: 

20. Pitkin Company produces a part used in the manufacture of one of its products. The unit product cost of the 

part is $33, computed as follows: 

21. Cardinal Company needs 20,000 units of a certain part to use in one of its products. The following information 

is available: 

22. Products A, B, and C are produced from a single raw material input. The raw material costs $90,000, from 

which 5,000 units of A, 10,000 units of B, and 15,000 units of C can be produced each period. Product A can 

be sold at the split-off point for $2 per unit, or it can be processed further at a cost of $12,500 and then sold 

for $5 per unit. Product A should be: 

23. The sunk cost in this situation is: 

24. How much of the unit product cost of $59.90 is relevant in the decision of whether to make or buy the part? 

25. If direct labor-hours is the company's production constraint, then the three products should be produced in the 

order: 

26. If Austin chooses to produce 4,000 afghans each month, the change in the monthly net operating income as 

compared to selling 4,000 spindles of yarn is: 

27. What is the lowest price Austin should be willing to accept for one afghan as long as it can sell spindles of 

yarn to the outside market for $12 each? 

28. (Ignore income taxes in this problem.) How is depreciation handled by the following capital budgeting 

techniques? 

29. The payback method measures: 

30. The evaluation of an investment having uneven cash flows using the payback method: 

31. If the net present value of a project is zero based on a discount rate of sixteen percent, then the time-adjusted 

rate of return: 

32. (Ignore income taxes in this problem.) A company with $800,000 in operating assets is considering the 

purchase of a machine that costs $75,000 and which is expected to reduce operating costs by $20,000 each 

year. The payback period for this machine in years is closest to: 

33. (Ignore income taxes in this problem.) Denny Corporation is considering replacing a technologically obsolete 

machine with a new state-of-the-art numerically controlled machine. The new machine would cost $450,000 

and would have a ten-year useful life. Unfortunately, the new machine would have no salvage value. The new 

machine would cost $20,000 per year to operate and maintain, but would save $100,000 per year in labor and 

other costs. The old machine can be sold now for scrap for $50,000. The simple rate of return on the new 

machine is closest to: 

34. Perkins Company is considering several investment proposals, as shown below: 

35. (Ignore income taxes in this problem.) The following data pertain to an investment proposal: 

36. (Ignore income taxes in this problem.) Sam Weller is thinking of investing $70,000 to start a bookstore. Sam 

plans to withdraw $15,000 from the business at the end of each year for the next five years. At the end of the

fifth year, Sam plans to sell the business for $110,000 cash. At a 12% discount rate, what is the net present 

value of the investment? 

37. The immediate cash outflow required for this project would be: 

38. The present value of all future operating cash inflows is closest to: 

39. The present value of the net cash flows (all cash inflows less all cash outflows) occurring during year 4 is: 

40. The present value of the net cash flows (all cash inflows less all cash outflows) occurring during year 6 is 

closest to: 


1. Problem: 

2. The gross margin of Evans Retail Stores, Inc. for the first quarter is:......... 

3. The contribution margin of Evans Retail Stores, Inc. for the first quarter is:....... 

4. The contribution margin of Evans Retail Stores, Inc. for the first quarter is:....... 

5. The total contribution margin decreases if sales volume remains the same and:....... 

6. A company has provided the following data:...... 

7. Wallace, Inc., prepared the following budgeted data based on a sales forecast of $6,000,000: .......... 

8. The variable expense per unit is: ........... 

9. The break-even point in sales dollars is: ............. 

10. An allocated portion of fixed manufacturing overhead is included in product costs under: 

11. Absorption Variable ............ 

12. What is the unit product cost for the month under variable costing? 

13. What is the unit product cost for the month under absorption costing? 

14. What is the net income for the month under variable costing? 

15. What is the net income for the month under absorption costing? 

16. Orion Corporation is preparing a cash budget for the six months beginning January 1. Shown below are the 

company's expected collection pattern and the budgeted sales for the period. ...... 

17. Avril Company makes collections on sales according to the following schedule:........ 

18. A labor efficiency variance resulting from the use of poor quality materials should be charged to: 

19. An unfavorable labor efficiency variance indicates that: 

20. A favorable labor rate variance indicates that 

21. The materials price variance for January is: 

22. The materials quantity variance for January is: 

23. The labor rate variance for January is: 

24. The labor efficiency variance for January is: 

25. How much is the residual income? 

26. How much is the return on the investment? 

27. One of the dangers of allocating common fixed costs to a product line is that such allocations can make the 

line appear less profitable than it really is. 

28. In responsibility accounting, each segment in an organization should be charged with the costs for which it is 

responsible and over which it has control plus its share of common organizational costs. 

29. Some managers believe that residual income is superior to return on investment as a means of measuring 

performance, since it encourages the manager to make investment decisions that are more consistent with 

the interests of the company as a whole. 

30. The performance of the manager of Division A is measured by residual income. Which of the following would 

increase the manager's performance measure? 

31. A segment of a business responsible for both revenues and expenses would be called: 

32. The Northern Division of the Smith Company had average operating assets totaling $150,000 last year. If the 

minimum required rate of return is 12%, and if last year's net operating income at Northern was $20,000, then 

the residual income for Northern last year was: 

33. Company A's residual income is: 

34. Gata Co. plans to discontinue a department that has a $48,000 contribution margin and $96,000 of fixed costs. 

Of these fixed costs, $42,000 cannot be avoided. What would be the effect of this discontinuance on Gata's 

overall net operating income? 

35. Pitkin Company produces a part used in the manufacture of one of its products. The unit product cost of the 

part is $33, computed as follows: 

36. Some investment projects require that a company expand its working capital to service the greater volume of 

business that will be generated. Under the net present value method, the investment of working capital should 

be treated as: 

37. Which of the following capital budgeting techniques consider(s) cash flow over the entire life of the project?

38. The net present value of the project is closest to: 

39. The payback period for the investment would be: 

40. The net present value of this investment would be: 

41. The Tse Manufacturing Company uses a job-order costing system and applies overhead to jobs using a 

predetermined overhead rate. The company closes any balance in the Manufacturing Overhead account to 

Cost of Goods Sold. During the year the company's Finished Goods inventory account was debited for 

$125,000 and credited for $110,000. The ending balance in the Finished Goods inventory account was 

$28,000. At the end of the year, manufacturing overhead was overapplied by $4,500. The balance in the 

Finished Goods inventory account at the beginning of the year was: 

42. Matthias Corporation has provided data concerning the company's Manufacturing Overhead account for the 

month of May. 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 $53,000 and the total of the credits to the account 

was $69,000. Which of the following statements is true?

ACCT 505 DeVry Entire Course

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