Sting Corporation Debited Cost of Goods Sold and Credited Manufacturing

question 38

Multiple Choice

Sting Corporation debited Cost of Goods Sold and credited Manufacturing Overhead at year-end.On the basis of this information,one can conclude that:

• A)budgeted overhead exceeded actual overhead.
• B)budgeted overhead exceeded applied overhead.
• C)budgeted overhead was less than applied overhead.
• D)actual overhead exceeded applied overheaD.
• E)actual overhead was less than applied overhead.