Multiple Choice
When applied overhead exceeds actual overhead cost,
A) over-applied(absorbed) overhead is added to cost of goods sold.
B) overapplied overhead is deducted from cost of goods sold.
C) underapplied overhead is added to cost of goods sold.
D) underapplied overhead is deducted from cost of goods sold.
Correct Answer:
Verified
Correct Answer:
Verified
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