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If a company applies overhead to production with a predetermined overhead rate, a debit balance in the Factory Overhead account at the end of the
If a company applies overhead to production with a predetermined overhead rate, a debit balance in the Factory Overhead account at the end of the period means that: Select one a. The bookkeeper has made an error because the debits don't equal the credits. O b. Actual overhead incurred was less than the overhead amount applied to production. O c The overhead was overapplied for the period. d. The balance will be carried forward to the next period as an overhead cost. Oe. Actual overhead was greater than the overhead amount applied to production Which one of the following is likely to be a cost driver? Select one: O a. depreciation O b. Retail price O c. Monthly rent O d. Machine hours O e. None of the given answers Manufacturing overhead: Select one: O a. includes indirect materials, indirect materials, indirect labor, and factory depreciation. O b. is easily traced to jobs. O c. is a pool of direct production costs that must somehow be attached to each unit manufactured O d. includes all selling costs. O e. should not be assigned to individual jobs because it bears no obvious relationship to them. 7&page=
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