What account is credited when overhead cost is applied to Work in Process? Would you expect the amount of overhead applied for a period to equal the actual overhead costs of the period? Why or why not?

Explanation:

The journal entry is as follows:

Work in process Inventory A/c Dr

       To Manufacturing overhead A/c

(Being the overhead cost is applied to Work in Process account)

The overhead applied is not equal to the actual overhead because of the predetermined overhead rate. As the predetermined overhead rate is used to calculate the applied overhead

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answer; /// blank(1); increases; blank(2); decreases;