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An analysis of the Manufacturing Overhead account revealed that overhead had been overapplied during the accounting period. As a result, Multiple Choice inventory accounts during

An analysis of the Manufacturing Overhead account revealed that overhead had been overapplied during the accounting period. As a result,

Multiple Choice

  • inventory accounts during the accounting period would be overstated.
  • a year end adjusting entry would be necessary to reduce the amount of cost of goods sold.
  • the company's products were overpriced during the accounting period (assume the company uses a cost plus pricing policy).
  • All of the choices represent consequences of overapplied overhead.

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