When the amount of overhead applied differs from actual,the dollar amount it is usually written off to

Name: When the amount of overhead applied differs from actual,the dollar amount it is usually written off to
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the overhead applied differs from actual, it means that the cost of goods sold will not accurately reflect the true cost of producing the goods. Therefore, the difference between applied and actual overhead is written off to Cost of Goods Sold.

When the Amount of Overhead Applied Differs from Actual,the Dollar