One reason indirect costs may be overapplied is because ________.
A) the actual allocation base quantity exceeds the budgeted quantity
B) budgeted indirect costs exceed actual indirect costs
C) requisitioned direct materials exceed budgeted material costs
D) Both A and B are correct.
Question 2
Which of the following accounts is an owner's equity account?
a. Cash
b. Accounts Payable
c. Prepaid Insurance
d. Ross Morris, Capital