If the Under- or Overapplied Overhead Amount Is Considered Material

question 101

Multiple Choice

If the under- or overapplied overhead amount is considered material, which of the following accounts would be the least likely to be adjusted at the end of the year?

• A) Work-in-process
• B) Finished goods
• C) Cost of goods sold
• D) Raw materials

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Definitions:

Gastrocnemius

A major calf muscle that flexes the knee and aids in the plantar flexion of the foot.

Biceps Brachii

A muscle of the upper arm that functions to flex the elbow and rotate the forearm, comprised of two heads.

External Oblique

A muscle located in the abdomen that helps in rotating the trunk and flexing the spine.

External Oblique

A muscle located on the lateral and anterior parts of the abdomen, involved in the movement and support of the trunk.