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Author Question: If the amount of overapplied or underapplied manufacturing overhead is small, most companies will ... (Read 80 times)

mimie

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Question 1

When too much overhead cost is charged to products during production, the result is
◦ an understatement of cost of goods sold.
◦ underapplied overhead.
◦ an understatement of Inventory cost.
◦ overapplied overhead.

Question 2

If the amount of overapplied or underapplied manufacturing overhead is small, most companies will generally make an adjustment to
◦ Cost of Goods Sold.
◦ Loss on the Application of Overhead.
◦ Work in Process Inventory.
◦ Finished Goods Inventory.


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Marked as best answer by mimie on Feb 5, 2023

msgero

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mimie

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)


hollysheppard095

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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