Material Amounts of Underapplied or Overapplied Overhead Should Be

question 12

Multiple Choice

Material amounts of underapplied or overapplied overhead should be

• A)treated as an adjustment to cost of goods sold.
• B)treated as an adjustment to work in process.
• C)allocated to direct materials, work in process, and finished goods.
• D)allocated to work in process, finished goods, and cost of goods sold.

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Definitions:

Accumulated Value

The number of elapsed timed intervals or counted events.

Counter

An electromechanical device in relay-based control systems that counts numbers of events for the purpose of controlling other devices based on the current number of counts recorded; a programmable logic controller instruction that performs the functions of its electromechanical counterpart.

True

A statement or condition that is accurate, factual, or in accordance with reality.

Thumbwheel Switch

"A rotating switch used to input numeric information into a controller."