If the Amount of Over- or Under-Applied Overhead Is Material

question 10

True/False

If the amount of over- or under-applied overhead is material, the amount should be closed to Work in Process.

---

Definitions:

Lake

A body of water, usually freshwater, surrounded by land and not directly connected to the ocean.

Fluvial

Pertaining to rivers or streams, including the processes, sediment, resulting rock, and landforms.

Sediment

Particles of rock, soil, or organic material that are transported and deposited by wind, water, or ice.

Processes

The series of actions, changes, or functions that bring about a result or are involved in the way natural phenomena occur.