The actual costs of all individual overhead categories are recorded in the Manufacturing Overhead Control account.

Question

Quizplus · Accepted Answer

The Manufacturing Overhead Control account is used to record the actual costs of all individual overhead categories, such as indirect materials, indirect labor, and factory utilities. These costs are initially accumulated in various subsidiary accounts, which are then transferred to the Manufacturing Overhead Control account for recording in the general ledger. Therefore, the statement is true.

The Actual Costs of All Individual Overhead Categories Are Recorded