At the beginning of 2012, Conway Manufacturing Company had the following account balances: During the year, the following transactions took place:
After these transactions have been recorded, the preliminary balance in the Manufacturing overhead account is a:

Question

At the beginning of 2012, Conway Manufacturing Company had the following account balances:  During the year, the following transactions took place:
 After these transactions have been recorded, the preliminary balance in the Manufacturing overhead account is a:

Quizplus · Accepted Answer

The manufacturing overhead account has a credit balance of $10,000 at the beginning of the year. Adding the $330,000 of actual overhead costs incurred during the year, and deducting the $325,000 of overhead applied to production during the year results in a debit balance of $5,000.

At the Beginning of 2012, Conway Manufacturing Company Had the Following