When Applied Overhead Exceeds Actual Overhead Cost

question 7

Multiple Choice

When applied overhead exceeds actual overhead cost,

• A)over-applied(absorbed) overhead is added to cost of goods sold.
• B)overapplied overhead is deducted from cost of goods sold.
• C)underapplied overhead is added to cost of goods sold.
• D)underapplied overhead is deducted from cost of goods sold.

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Definitions:

Range

The difference between the highest and lowest values in a set of numbers, indicating the spread or variation within the data.

Heredity

The biological process through which genetic traits are transmitted from parents to their offspring.

Personality Development

The growth and development of the psychological characteristics and traits that define an individual.

Greatest Changes

Significant alterations or transformations in a situation, process, or condition.