If the amount of overapplied or underapplied manufacturing overhead is small, most companies will generally make an adjustment to

Name: If the amount of overapplied or underapplied manufacturing overhead is small, most companies will generally make an adjustment to
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the amount of overapplied or underapplied manufacturing overhead is small, most companies prefer to adjust the Cost of Goods Sold directly, as it simplifies the accounting process and has a minimal impact on the financial statements.

If the Amount of Overapplied or Underapplied Manufacturing Overhead Is