Under- over-applied overhead is computed as: a. Actual overhead expense for the period less budgeted overhead for the period.
B) Actual overhead expense less cost of goods manufactured.
C) Actual overhead expense for the period less applied overhead for the period.
D) Actual overhead expense multiplied by contribution margin ratio.
E) None of the above.

Question

Quizplus · Accepted Answer

The Answer of Under- over-applied overhead is computed as: a. Actual overhead expense for the period less budgeted overhead for the period.
B) Actual overhead expense less cost of goods manufactured.
C) Actual overhead expense for the period less applied overhead for the period.
D) Actual overhead expense multiplied by contribution margin ratio.
E) None of the above.

Under- Over-Applied Overhead Is Computed As: A