Usually under- or overapplied overhead is considered to be an adjustment to
A) work in process.
B) finished goods.
C) finished goods and cost of goods sold.
D) cost of goods sold.

Name: Usually under- or overapplied overhead is considered to be an adjustment to A) work in process. B) finished goods. C) finished goods and cost of goods sold. D) cost of goods sold.
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Question

Quizplus · Accepted Answer

Under- or overapplied overhead is typically adjusted against the cost of goods sold to reflect the actual cost incurred during production.

Usually Under- or Overapplied Overhead Is Considered to Be an Adjustment