If a Company Applies Overhead to Production with a Predetermined

question 84

Multiple Choice

If a company applies overhead to production with a predetermined overhead rate,a credit balance in the Factory Overhead account at the end of the period means that:

• A)The bookkeeper has made an error because the debits don't equal the credits.
• B)The balance will be carried forward to the next period as an overhead cost.
• C)Actual overhead incurred was less than the overhead amount applied to production.
• D)The overhead was underapplied for the period.
• E)Actual overhead was greater than the overhead amount applied to production.

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