Author Question: One reason indirect costs may be overapplied is because ________. A) the actual allocation base ... (Read 72 times)

stephzh · **on:** Jul 5, 2018

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