The write-off to ________________ is the simplest approach for dealing with under- or over-allocated overhead.

Question

Quizplus · Accepted Answer

The write-off to cost of goods sold is the simplest and most common approach for dealing with under- or over-allocated overhead. This approach involves adjusting the cost of goods sold by the amount of the under- or over-allocation, rather than trying to allocate the overhead to specific products or departments. By doing so, the overall profitability and financial statements of the company are not significantly affected.

The Write-Off to ________________ Is the Simplest Approach for Dealing