The Journal Entry to Write-Off an Insignificant Overapplied Overhead Balance

question 83

Multiple Choice

The journal entry to write-off an insignificant overapplied overhead balance at the end of an accounting period for a service firm is:

• A)a.
• B)B.
• C)C.
• D)D.The most conservative method is to write-off the immaterial amount directly to Cost of Goods SolD.

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Definitions:

Dominant Response

The most common or likely response that an individual exhibits under conditions of stress or high arousal.

Particular Task

A specific duty, job, or function that is assigned or expected to be completed.

Fairness Norm

A social norm that emphasizes fair, equitable treatment and distribution of resources among individuals within a society.

Evolutionary Value

The significance of traits, behaviors, or practices in terms of their contribution to the survival and reproductive success of organisms.