The ________ Account Is Credited to Adjust for Overallocated Overhead

question 139

Multiple Choice

The ________ account is credited to adjust for overallocated overhead costs.

• A) Cost of Goods Sold
• B) Sales Revenue
• C) Manufacturing Overhead
• D) Finished Goods Inventory

---

Definitions:

Disposable Income

The cash reserves left for households to spend and save after paying income taxes.

Disposable Income

Funds households have for saving and spending following the deduction of income taxes.

Disposable Income

Disposable income for households after accounting for income taxes, meant for spending and saving.

Marginal Propensity

The ratio of change in an economic variable, such as consumption or saving, to a change in another variable, like income.