Which of the Following Statements Is(are)true Regarding the Application of Manufacturing

question 81

Multiple Choice

Which of the following statements is(are) true regarding the application of manufacturing overhead? (A) Manufacturing overhead is only recorded on the job cost sheets when (a) financial statements are prepared or a job is completed.(B) Overapplied overhead occurs when the actual overhead costs incurred during a period are greater than the overhead costs applied during the period.

• A) Only A is true.
• B) Only B is true.
• C) Both A and B are true.
• D) Neither A nor B is true.

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