What method is not acceptable for closing the balance in the manufacturing overhead control accounts? a. Post any over or underapplied overhead directly to cost of goods sold
B) Correct the rates for the entire year, once actual overhead costs are known
C) Prorate the under or overapplied overhead amount between the inventory accounts
D) Show overapplied costs as revenue and underapplied costs as an expense directly on the income statement

Question

Quizplus · Accepted Answer

The Answer of What method is not acceptable for closing the balance in the manufacturing overhead control accounts? a. Post any over or underapplied overhead directly to cost of goods sold
B) Correct the rates for the entire year, once actual overhead costs are known
C) Prorate the under or overapplied overhead amount between the inventory accounts
D) Show overapplied costs as revenue and underapplied costs as an expense directly on the income statement

What Method Is Not Acceptable for Closing the Balance in the Manufacturing