A debit balance in Overhead Control:
A)indicates applied overhead exceeds actual overhead.
B)gives the total actual overhead costs at a given point in time.
C)indicates actual overhead costs have entered the work-in-process inventory account.
D)equals the total applied overhead at a given point in time.

Question

Quizplus · Accepted Answer

A debit balance in Overhead Control indicates that the actual overhead costs incurred are recorded, reflecting the total actual overhead costs at a given point in time.

A Debit Balance in Overhead Control