GAAP permits which of the following methods for zeroing out the overhead control account? a. Correct the rates at year end.
B) Charge the under-applied or over-applied overhead to cost of goods sold.
C) Prorate the under-applied or over-applied overhead among the inventory accounts and cost of goods sold.
D) B and C only.
E) A, B and
C)

Question

Quizplus · Accepted Answer

The Answer of GAAP permits which of the following methods for zeroing out the overhead control account? a. Correct the rates at year end.
B) Charge the under-applied or over-applied overhead to cost of goods sold.
C) Prorate the under-applied or over-applied overhead among the inventory accounts and cost of goods sold.
D) B and C only.
E) A, B and
C)

GAAP Permits Which of the Following Methods for Zeroing Out