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UNIT 2 QUIZ
1. Question : At the end of a fiscal year, overapplied factory
overhead should
be:
Student Answer:
Debited to Cost of Goods sold.
Credited to Cost of Goods sold.
Debited to Cost of Good Manufactured.
None of the above.
Question 2. Question : Which one of the following is the
amount that actual factory
overhead exceeds the factory overhead applied?
Student Answer:
Factory overhead applied.
Actual factory overhead.
Overapplied overhead.