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.

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Definitions:

Op Art

An artistic movement of the 1960s in which painters sought to produce optical illusions of motion and depth using only geometric forms on two-dimensional surfaces.

Pointillist Manner

A painting technique in which small, distinct dots of color are applied in patterns to form an image, associated with Post-Impressionism.

Bridget Riley

A British painter known for her work in the op-art movement, creating optical illusions and dynamic visual effects through abstract patterns.

Biomorphic Surrealism

A style of surrealism that incorporates patterns, shapes, and designs inspired by forms and structures found in nature, often evoking an organic appearance.