Which of the following would appear on the credit side of the overhead account?
A) Actual overhead cost incurred in the period
B) Overhead applied (charged) to production
C) Underapplied overhead for the period
D) Overhead applied (charged) to production AND underapplied overhead for the period

Question

Quizplus · Accepted Answer

The credit side of the overhead account includes overhead applied (charged) to production, which represents the estimated overhead costs allocated to production. If there is underapplied overhead for the period, it means that the actual overhead costs were higher than the estimated costs charged to production, and the difference is also credited to adjust the overhead account.

Which of the Following Would Appear on the Credit Side