Explain why the Factory Overhead account for a company may have a difference between the amount debited and the amount credited, resulting in an end of period balance prior to adjustment.
What will be an ideal response?
If a company incurs more actual overhead than it applies to jobs during the period, the Factory Overhead will have an ending debit balance. If a company applies more overhead to jobs than it actually incurs, Factory Overhead will have an ending credit balance.
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