Which of the Following Methods for Zeroing Out the Over-Applied

question 51

Short Answer

Which of the following methods for zeroing out the over-applied or under-applied overhead is the easiest method, but the least accurate? a. Correct rates at year end.
B) Write-off to the miscellaneous expense account.
C) Prorate the under-applied or over-applied amount among the inventory accounts.
D) Write-off to cost of goods sold.
E) None of the above.

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Definitions:

Hispanics

Individuals or communities that originate from Spanish-speaking countries, particularly those from Latin America and Spain.

Heterosexism

The belief in the natural superiority of heterosexuality as a way of life and therefore its logical right to dominance. Comprised of a system of ideas and institutionalized beliefs, it leads to the oppression of any non-heterosexual form of behaviour, identity, relationship, or community.

Same-sex Marriage

The legally or socially recognized marriage between two individuals of the same biological sex or gender identity.

Gender-neutral

Pertains to language or practices that avoid distinguishing roles or attributes according to people's sex or gender, promoting equality.