In a Job-Order Costing System,the Amount of Overhead Cost That

question 40

Multiple Choice

In a job-order costing system,the amount of overhead cost that has been applied to a job that remains incomplete at the end of a period is:

• A) deducted on the Income Statement as overapplied overhead.
• B) closed to Cost of Goods Sold.
• C) transferred to Finished Goods at the end of the period.
• D) part of the ending balance of the Work in Process inventory account.

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Definitions:

Disaggregation

The process of breaking an aggregate plan into greater detail.

Master Production Schedule

A plan for the production of specific items at certain times, quantities, and detailed specifications in a manufacturing process.

Advertising

The practice of promoting products, services, or brands through various forms of media to attract and retain customers.

Promotion

is a marketing strategy aimed at increasing awareness, sales, or interest in a product or service, often through advertising, discounts, or publicity events.