Actual manufacturing overhead costs are accumulated as debits to a single general ledger account called manufacturing overhead.

Question

Quizplus · Accepted Answer

This statement is true. Manufacturing overhead costs are accumulated in a single general ledger account called manufacturing overhead. This account includes indirect costs such as rent, utilities, and maintenance expenses that cannot be directly traced to a specific product or job. The manufacturing overhead account is used to calculate the overhead rate and allocate overhead costs to individual products or jobs.

Actual Manufacturing Overhead Costs Are Accumulated as Debits to a Single