If overhead is underapplied all of the following are true except Multiple Choice 59 26 Jobs are undercosted, ook The adjusting journal entry requires a debit to Cost of Goods Sold. The Factory Overhead account has a debit balance Jobs are overcosted. The adjusting journal entry requires a credit to Factory Overhead Saved & 16 Pre-quiz Compared to a general accounting system, a cost accounting system for a manufacturing company emphasizes: Multiple Choice Periodic inventory counts Large volume operations involving standardized products Total costs Continually updating costs of materials, work in process, and finished goods inventories. Products and average cos