At the End of the Accounting Period,applied Overhead Was Larger

question 89

Multiple Choice

At the end of the accounting period,applied overhead was larger than actual overhead by a material amount.The over-applied overhead should be:

• A)Treated as an extraordinary gain.
• B)Treated as an extraordinary loss.
• C)Apportioned among Work in Process Inventory,Finished Goods Inventory,and Cost of Goods Sold.
• D)Ignored;actual overhead is determined only for internal control purposes.

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Definitions:

Panic Disorder

A mental health condition characterized by recurrent and unexpected panic attacks along with ongoing concern about having more attacks.

Intense Terror

A feeling of extreme fear that is overwhelming and can cause paralysis or irrational behavior.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about a number of different things, impacting daily life.

Persistent Anxiety

Ongoing and often excessive worry or fear that interferes with daily activities or mental health, beyond normal stress responses.