The report that is prepared after the posting is completed at the end of the accounting period that shows the items of expense by department and in total,and is used to prove the balance of the Factory Overhead Control account is the:
A)Schedule of Fixed Cost.
B)Summary of Factory Overhead.
C)Flexible Budget.
D)Subsidiary Ledger.

Question

Quizplus · Accepted Answer

The report that is prepared after the posting is completed at the end of the accounting period that shows the items of expense by department and in total, and is used to prove the balance of the Factory Overhead Control account is called the Summary of Factory Overhead. The other options listed do not accurately describe this report.

The Report That Is Prepared After the Posting Is Completed