Answer the following statements true (T) or false (F)

1. Actual manufacturing overhead costs are credited to the Manufacturing Overhead account.
2. In a manufacturing operation, depreciation of plant equipment should be debited to the Depreciation Expense account.
3. The amount of taxes and insurance incurred and paid for the plant of a manufacturing company should be debited to the Manufacturing Overhead account.
4. The total amount of manufacturing overhead costs incurred during the period is recorded on the credit side of the Manufacturing Overhead account.
5. Manufacturing overhead costs are allocated to the Work-in-Process Inventory account by a debit to the Manufacturing Overhead account.


1. FALSE
2. FALSE
3. TRUE
4. FALSE
5. FALSE

Business

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