Factory Overhead Variances Are Usually Recorded When

question 3

Multiple Choice

Factory overhead variances are usually recorded when:

• A)Overhead is applied to Work in Process.
• B)Goods are finished and transferred to finished goods inventory.
• C)Goods are sold.
• D)Actual factory overhead costs are incurred.

---

Definitions:

Drink Seltzer

Refers to the act of consuming seltzer water, a carbonated drink that may be flavored but does not contain alcohol.

Own A Car

Refers to the state or condition of having legal ownership and possession of an automobile.

Own A Home

The state or condition of possessing and living in a residential property owned by the person or household.

Conditional Probability

The likelihood of a specific event happening in connection with one or more other events.