Overapplied overhead will result if

a. overhead costs incurred were greater than overhead charged to production.

b. the plant is operated at less than expected capacity.

c. overhead costs incurred were greater than estimated overhead costs.

d. overhead costs incurred were less than overhead costs charged to production.

If underapplied overhead is considered to be immaterial, it is closed to which of the following accounts?

Work in Process

Finished Goods

Cost of Goods Sold

a. yes no no

b. no no yes

c. yes yes yes

d. no yes yes