In a Job-Order Costing System, the Amount of Overhead Cost

question 88

Multiple Choice

In a job-order costing system, the amount of overhead cost that has been applied to a job that remains incomplete at the end of a period:

• A) is deducted on the Income Statement as overapplied overhead.
• B) is closed to Cost of Goods Sold.
• C) is transferred to Finished Goods at the end of the period.
• D) is part of the ending balance of the Work in Process inventory account.

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Definitions:

Provide Follow-up

The act of continuing communication or action with a customer or client after an initial interaction, sale, or service to ensure satisfaction, address concerns, or encourage future business.

Sales Presentations

Structured demonstrations or talks aimed at showcasing a product's features and benefits to persuade potential customers to make a purchase.

Customer Service

Activities and initiatives designed to support customers by providing helpful information and addressing their concerns or inquiries.

Wisdom

Ability to make good use of knowledge.