On the first day of the job, a member of the management training program remarked: The whole

Question:

On the first day of the job, a member of the management training program remarked: "The whole procedure of applying overhead and then spending at lot of time adjusting the Inventory and Cost of Goods Sold accounts back to the actual numbers looks like a complex solution to a simple problem. Why not simply charge the actual overhead to production and be done with it?" How would you reply to this comment?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Cost Accounting

ISBN: 9780256069198

3rd Edition

Authors: Edward B. Deakin, Michael Maher

Question Posted: