In Computing Its Predetermined Overhead Rate,Marple Company Inadvertently Left Its

question 87

Multiple Choice

In computing its predetermined overhead rate,Marple Company inadvertently left its indirect labor costs out of the computation.This oversight will cause:

• A)Manufacturing Overhead to be overapplied.
• B)the Cost of Goods Manufactured to be understated.
• C)the debits to the Manufacturing Overhead account to be understated.
• D)the ending balance in Work-in-Process to be overstateD.The omission of an overhead item will cause the application to be less than it should be and Cost of Goods Manufactured will be less than it should be.

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Definitions:

Organizational Citizenship Behavior

Voluntary actions performed by employees that contribute to the overall culture and performance of an organization, beyond their specific job duties.

Career

A career is the set of experiences and activities that people engage in related to their job and livelihood over the course of their working life.

Disengagement Stage

The phase in a process, especially related to career or life stages, where an individual gradually lessens their involvement or participation.

Severity Error

A type of evaluation bias in performance appraisals where the assessor tends to rate all individuals either too harshly or too leniently.