If a Company Applies Overhead to Jobs on the Basis

question 145

Multiple Choice

If a company applies overhead to jobs on the basis of a predetermined overhead rate, a credit balance in the Manufacturing Overhead account at the end of any period means that:

• A) more overhead cost has been charged to jobs than has been incurred during the period.
• B) more overhead cost has been incurred during the period than has been charged to jobs.
• C) the amount of overhead cost charged to jobs is greater than the estimated cost for the period.
• D) the amount of overhead cost charged to jobs is less than the estimated overhead cost for the period.

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Definitions:

Meeting Productivity

Refers to the effectiveness and efficiency of a meeting in achieving its objectives.

Meeting Minutes

The written record of the discussions, decisions, and actions taken during a meeting, typically kept for future reference.

Virtual Meetings

Online gatherings where participants use video conferencing software to communicate from different locations.

Reduced Cost

A decrease in expenses or outlays for a business, project, or activity, often achieved through efficiency improvements or budget cuts.