Which of the Following Is True

question 132

Multiple Choice

Which of the following is true?

• A) The adjusted cost of goods sold is equal to normal cost of goods sold plus or minus the overhead variance.
• B) If the overhead variance shows overapplied overhead, then that amount would be subtracted from normal cost of goods sold.
• C) Variances in overhead are expected every month.
• D) All of these.
• E) None of these.

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Definitions:

Talented

Having a natural aptitude or skill in a particular area or activity.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Prejudice

A preconceived opinion or judgment towards individuals or groups without sufficient knowledge, often based on stereotypes.

Attitude

A tendency to respond positively or negatively toward a certain person, object, idea, or situation.