In Process Costing, Factory Overhead Incurred Does Not Usually Equal

question 39

Short Answer

In process costing, factory overhead incurred does not usually equal that applied, which yields either ________ or ________ overhead.

---

Definitions:

Pacifier

A rubber, plastic, or silicone nipple given to an infant to suck upon, though it is not attached to a bottle or intended to deliver food.

Pleasurable

Causing a feeling of satisfaction, enjoyment, or pleasure.

Piaget

A Swiss psychologist known for his pioneering work in developmental psychology and his theory of cognitive development in children.

Tertiary Circular Reaction

A stage in Piaget's theory of cognitive development where infants explore their environment and learn through trial and error with repeated actions.