If actual overhead is less than applied overhead,which of the following will be true? Upon closing, Overhead is Cost of Goods Sold is A)underapplied credited B)underapplied debited C)overapplied debited D)overapplied credited

Question

Quizplus · Accepted Answer

When actual overhead is less than applied overhead, it means overhead is overapplied. Upon closing, the overapplied overhead is credited, reducing the Cost of Goods Sold.

If Actual Overhead Is Less Than Applied Overhead,which of the Following