Refer to the T-account below:Manufacturing Overhead(2)4,000(9)150,000(3)15,000 (4)80,000 (5)30,000 (6)25,000 154,000 150,000Bal.4,000 Entry (4) could represent all of the following except:
A. Factory insurance cost.
B. Depreciation on factory equipment.
C. Indirect labor cost incurred.
D. Overhead cost applied to Work in Process.
Answer: D
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Indicate whether the statement is true or false