If Over- Under-Applied Overhead Amount Is Small, It Is Justifiable

question 37

True/False

If over- under-applied overhead amount is small, it is justifiable to write it off to cost of goods sold.

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Definitions:

Stigma

Erving Goffman’s term for any physical or social attribute that devalues a person or group’s identity and that may exclude those who are devalued from normal social interaction.

Geographical Region

A specific area defined by natural or artificial boundaries characterized by distinct physical, social, or cultural attributes.

Commercialization

The process of introducing a new product into the market, making it available to consumers largely through advertising and sales strategies.

Leisure

A period of time that can be spent relaxing, engaging in recreation, or otherwise indulging in freely chosen activities.