In the Excel,or spreadsheet,approach to recording financial transactions,the Manufacturing Overhead account is used to record two things-all actual overhead expenses and the amount of manufacturing overhead applied to production using the predetermined overhead rate.

Question

Quizplus · Accepted Answer

The Manufacturing Overhead account in the Excel or spreadsheet approach is used to record both the actual overhead expenses and the amount of manufacturing overhead applied to production using the predetermined overhead rate.

In the Excel,or Spreadsheet,approach to Recording Financial Transactions,the Manufacturing Overhead