Sting Corporation Debited Cost of Goods Sold and Credited Manufacturing

Multiple Choice

Sting Corporation debited Cost of Goods Sold and credited Manufacturing Overhead at year-end. On the basis of this information, one can conclude that:

A) budgeted overhead exceeded actual overhead.
B) budgeted overhead exceeded applied overhead.
C) budgeted overhead was less than applied overhead.
D) actual overhead exceeded applied overhead.
E) actual overhead was less than applied overhead.