What causes manufacturing overhead to be overallocated? When manufacturing overhead is overallocated, will the Manufacturing Overhead account have a debit or a credit balance?
What will be an ideal response
Manufacturing overhead is overallocated when the actual manufacturing overhead costs are less than allocated manufacturing costs. Manufacturing Overhead will have a credit balance.
You might also like to view...
The auditor is most likely to presume that a high risk of a fraud relating to the misappropriation of assets exists if:
A. inadequate employee training results in lengthy EDP exception reports each month. B. the entity does business with several related parties. C. the entity is a multinational company that does business in numerous foreign countries. D. inadequate segregation of duties places an employee in a position to perpetrate and conceal theft.
Jamie goes shopping with a friend and notices her friend's durable ripstop nylon wallet. She thinks of her own worn wallet and realizes she needs a new one. In which stage of the consumer purchase decision process was Kristi when she had this realization?
A. purchase behavior B. problem recognition C. information search D. pre-purchase cognition E. alternative evaluation
The board of directors carries out the day-to-day operations of the business
Indicate whether the statement is true or false
A ________ is a physical facility used primarily for the storage of goods held in anticipation of sale or transfer within the marketing channel
A) stock-keeping unit B) wholesaler C) retail outlet D) warehouse E) showroom