A Company Assigned Overhead to Work in Process

question 60

Multiple Choice

A company assigned overhead to work in process.At year end, what does the amount of over-applied overhead mean?

• A)The overhead assigned to work in process is less than the actual overhead.
• B)The overhead assigned to work in process is greater than the overhead incurred.
• C)The overhead assigned to work in process is greater than estimated overhead costs.
• D)The overhead assigned to work in process is less than the estimated overhead costs.

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Definitions:

Virtue

A characteristic or attribute considered to possess moral goodness, and therefore, is appreciated as a cornerstone of a virtuous character.

Erikson

A psychologist best known for his theory on the psychosocial development of human beings, emphasizing eight stages from infancy to adulthood.

Integrity

The quality of being honest and having strong moral principles; moral uprightness.

Coping

Adaptive thinking or behavior aimed at reducing or relieving stress that arises from harmful, threatening, or challenging conditions.