In the year-end financial statements,the Manufacturing Overhead account should have:

Question

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The Manufacturing Overhead account should have a zero balance in the year-end financial statements because all overhead costs incurred during the period should have been assigned to the production of that period. This account is used to accumulate indirect costs such as rent, utilities, and depreciation, which are allocated to the products manufactured during the period. By the end of the period, all these overhead costs should have been assigned to the products, leaving the Manufacturing Overhead account with a zero balance. This is because overhead costs are not carried forward to the next period and are expensed as soon as they are incurred.

In the Year-End Financial Statements,the Manufacturing Overhead Account Should Have