When Underapplied or Overapplied Overhead Is Allocated Among the Three

question 50

Multiple Choice

When underapplied or overapplied overhead is allocated among the three accounts work in process, finished goods and cost of goods sold, this process is called:

• A) proration.
• B) just-in-time costing.
• C) zero-based costing.
• D) overhead application.

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