At the End of the Accounting Period,applied Overhead Was Larger

question 89

Multiple Choice

At the end of the accounting period,applied overhead was larger than actual overhead by a material amount.The over-applied overhead should be:

• A)Treated as an extraordinary gain.
• B)Treated as an extraordinary loss.
• C)Apportioned among Work in Process Inventory,Finished Goods Inventory,and Cost of Goods Sold.
• D)Ignored;actual overhead is determined only for internal control purposes.

---

Definitions:

Social-Group Based Identities

The aspects of an individual’s sense of self that are derived from their membership in social groups, such as cultural, ethnic, or professional groups.

X-Teams

represents a concept in organizational theory, emphasizing teams that are externally oriented, have flexible boundaries, and are highly networked.

Externally Oriented

describes an outward focus, typically pertaining to how organizations or individuals prioritize external factors or stakeholders in their decision-making processes.

Organizational Borders

The boundaries that define the edges of an organization, distinguishing it from its environment and other organizations, and shaping the flow of information and resources.