Which of the following statements is true? I.An expense-type factory overhead analysis spreadsheet makes it possible to distribute expenses on a departmental basis as they are incurred.
II)A department-type factory overhead analysis worksheet makes it possible to distribute expenses on a departmental basis as they are incurred.
A)I only
B)II only
C)Both I and II
D)Neither I nor II

Question

Quizplus · Accepted Answer

Both statements are true. The first statement describes an expense-type factory overhead analysis spreadsheet, which distributes expenses based on the type of expense (such as supplies or materials) to the department responsible for incurring the expense. The second statement describes a department-type factory overhead analysis worksheet, which allocates expenses to each department based on its specific use of resources. Both methods allow for more accurate cost allocation and analysis on a departmental basis.

Which of the Following Statements Is True? I