If there is a debit balance in overhead control, that implies
A) applied overhead exceeds actual overhead.
B) actual overhead costs exceed overhead applied. a
C) actual overhead has not been closed to cost of goods sold.
D) none of the above.

Question

Quizplus · Accepted Answer

A debit balance in overhead control means that actual overhead costs have exceeded the overhead applied. This may indicate that the company incurred additional overhead expenses that were not accounted for in the applied overhead amount.

If There Is a Debit Balance in Overhead Control, That