Usiness Transaction 2 Universal Computer Corp. (UCC)’s labor force goes on strike for two months, reducing the company’s sales by 20.00%. Financial Account Check if the Account Is Affected by the Specified Transaction Sales Inventory Common stock Tax expense Notes payable Points: 0.8 / 1 Financial Ratio Ratio’s Behavior Current ratio No change Basic earning power No change Debt ratio No change Basic earning power No change Operating profit margin Decreases Average collection period Increases

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000