Journal Reports Can Include or Omit -

question 28

Multiple Choice

Journal reports can include or omit -

• A)division allocation details
• B)corrections
• C)details from the additional fields
• D)all of the above

---

Definitions:

Underapplied Manufacturing Overhead

A situation where the actual manufacturing overhead costs are higher than the overhead costs applied to products based on the predetermined overhead rate.

Overapplied Manufacturing Overhead

Occurs when the allocated manufacturing overhead costs are more than the actual overhead costs incurred.

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.

Credit

An accounting entry that increases liabilities or equity or decreases an asset or expense.