Match each item with the correct statement below.
-The amount by which applied overhead exceeds actual overhead
A)predetermined overhead rate
B)plantwide overhead rate
C)departmental overhead rate
D)overhead variance
E)overapplied overhead
F)underapplied overhead
G)applied overhead
H)normal cost of goods sold

Question

Quizplus · Accepted Answer

Overapplied overhead refers to the situation where the overhead applied to products (using the predetermined overhead rate) exceeds the actual overhead costs incurred.

Match Each Item with the Correct Statement Below