The journal entry for $17 of underapplied overhead is:
$\begin{array} { | c | l | l | }
\hline \text { Cost of Goods Sold } & 17 & \
\text { Overhead Control } && 17 \
\hline
\end{array}$

Question

The journal entry for $17 of underapplied overhead is:
$\begin{array} { | c | l | l | } 
\hline \text { Cost of Goods Sold } & 17 & \
\text { Overhead Control } && 17 \
\hline
\end{array}$

Quizplus · Accepted Answer

When overhead is underapplied, it means that the actual overhead costs were higher than what was applied to products. To adjust, the Cost of Goods Sold is debited (increased) and the Overhead Control account is credited (decreased) by the amount of the underapplied overhead.

The Journal Entry for $17 of Underapplied Overhead Is Cost of Goods Sold 17 Overhead Control 17\begin{array} { | c | l | l | } \hline \text { Cost of Goods Sold } & 17 & \\\text { Overhead Control } && 17 \\\hline\end{array} Cost of Goods Sold Overhead Control ​17​17​​

The Journal Entry for $17 of Underapplied Overhead Is $\begin{array} { | c | l | l | } \hline \text { Cost of Goods Sold } & 17 & \\\text { Overhead Control } && 17 \\\hline\end{array}$