If a job is not completed at year end, then no manufacturing overhead cost would be applied to that job when a predetermined overhead rate is used.

Name: If a job is not completed at year end, then no manufacturing overhead cost would be applied to that job when a predetermined overhead rate is used.
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

When a predetermined overhead rate is used, manufacturing overhead costs are applied to jobs throughout the year based on the rate, regardless of whether the job is completed by year end.

If a Job Is Not Completed at Year End, Then