Factory overhead variances are usually recorded when:
A)Overhead is applied to Work in Process.
B)Goods are finished and transferred to finished goods inventory.
C)Goods are sold.
D)Actual factory overhead costs are incurred.

Question

Quizplus · Accepted Answer

Factory overhead variances are recorded when overhead is applied to Work in Process, as this is when the estimated overhead costs are compared to the actual overhead costs incurred.

Factory Overhead Variances Are Usually Recorded When