If the difference between overhead applied and actual overhead is insignificant, it is usually written off to

a. Work in Process Inventory.

b. Cost of Goods Sold.

c. Finished Goods Inventory.

d. Materials Inventory.

Costs assigned to the building of a ship should appear on the income statement when

a. the ship is completed.

b. the ship is sold.

c. the purchase order to manufacture the ship is received.

d. cash is collected for the sale of the ship.