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

a. A debit balance, representing overhead on hand and available for use.
b. A credit balance, representing accumulated depreciation and amounts owed to suppliers of overhead items.
c. Either a debit or a credit balance, depending upon whether the overhead application rate used throughout the year was higher or lower than 100%.
d. A zero balance, since all overhead costs incurred during the period should be assigned to the production of the period.

In the year-end financial statements, the Manufacturing Overhead account should have Option D: A zero balance, since all overhead costs incurred during the period should be assigned to the production of the period.

Explanation:

In the manufacturing industry, company not only needs to manage its overhead but should also control how these products are reported on the financial statements of the company.

Manufacturing overhead is also known as factory overhead or factory burden. It is indirect costs that are spent in a factory while manufacturing a product. It may include things like electricity that are used to operate the equipment in the factory equipment, factory supplies that are not directly associated with the product.

So, in the year end this account should have balance as zero.