If a Company Has Under-Applied Overhead at the End of the Accounting

question 3

Multiple Choice

If a company has under-applied overhead at the end of the accounting period, how is it accounted for?

• A)No entry occurs.
• B)It is transferred to finished goods with the other job costs.
• C)It is debited to cost of goods sold.
• D)It is credited to cost of goods sold.

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