Usually Under- or Overapplied Overhead Is Considered to Be an Adjustment

question 37

Multiple Choice

Usually under- or overapplied overhead is considered to be an adjustment to

• A) work in process.
• B) finished goods.
• C) finished goods and cost of goods sold.
• D) cost of goods sold.

---

Definitions:

Tariff Barriers

Taxes imposed on imported goods to protect domestic industries from foreign competition and to raise government revenue.

Totalitarian

A political system in which the state holds total authority over the society and seeks to control all aspects of public and private life.

Joseph Stalin

The leader of the Soviet Union from the mid-1920s until his death in 1953, known for his totalitarian rule, the purges, and the extensive use of the Gulag system.

Gestapo

The Gestapo was the official secret police of Nazi Germany and German-occupied Europe.