The ________ approach carries the underallocated or overallocated ...

[rl]

The ________ approach carries the underallocated or overallocated amounts to overhead accounts in the following year.
 
  A) adjusted allocation-rate
  B) proration
  C) write-off to cost of goods sold
  D) None of these answers are correct.

Question 2

Under the writeoff approach, the difference between Manufacturing Overhead Control and Manufacturing Overhead Allocated is adjusted in the ________.
 
  Filippucci Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated (200,000) is different from the actual amount incurred (225,000).
 
   Ending balances in the relevant accounts are:
   Work-in-Process  10,000
   Finished Goods 20,000
   Cost of Goods Sold 170,000
 
  A) Cost of Goods Sold account
  B) Work-in Process account
  C) Manufacturing Overhead account
  D) Miscellaneous Expenses account

[ultraflyy23]

Answer to Question 1

Answer: D

Answer to Question 2

Answer: A

[rl]

Gracias!

[irishcancer18]

Excellent