Match each of the following phrases with the term (a-g) that it most closely describes.
-Applied overhead is more than actual overhead incurred
A)Job order cost system
B)Process cost system
C)Activity-based costing
D)Underapplied overhead
E)Overapplied overhead
F)Finished goods ledger
G)Materials ledger

Question

Quizplus · Accepted Answer

Overapplied overhead occurs when applied overhead is greater than actual overhead incurred for a specific time period.

Match Each of the Following Phrases with the Term (A-G)