If a company applies overhead to production with a predetermined overhead rate, a credit balance in the Factory Overhead account at the end of the period means that:
A. The bookkeeper has made an error because the debits don't equal the credits.
B. The overhead was underapplied for the period.
C. The balance will be carried forward to the next period as an overhead cost.
D. Actual overhead incurred was less than the overhead amount applied to production.
E. Actual overhead was greater than the overhead amount applied to production.
Answer: D
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Borden Company incurred the following costs to acquire and prepare land for a new parking lot: purchase price for land, cost to clear the land, cost of paving, lighting for the parking lot, and landscaping for the parking lot. How should the company determine which costs should be recorded as Land Improvements and which cost should be recorded as Land?
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Separate accounts are kept for each type of earnings deduction
Indicate whether the statement is true or false
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A. relationship conflict B. structural conflict C. task conflict D. dysfunctional conflict