At the end of the year if Manufacturing Overhead is over-applied by $7,000. Which of the following would be the correct adjusting journal entry? Group of answer choices DEBIT: Manufacturing Overhead $7,000; CREDIT: Cost of Goods Manufactured $7,000 DEBIT: Cost of Goods Manufactured $7,000; CREDIT: Manufacturing Overhead $7,000 DEBIT: Cost of Goods Sold $7,000; CREDIT: Manufacturing Overhead $7,000 DEBIT: Manufacturing Overhead $7,000; CREDIT: Cost of Goods Sold $7,000

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?