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Neon Lighting is comparing actual and applied overhead amounts at the end of the year and finds the factory overhead account has a credit balance. What does this mean
a.Actual costs are higher than applied costs.
b.The entire balance is charged back to work in process inventory.
c. Applied costs are higher than actual costs.
d. The balance should be carried over from year to year.

Respuesta :

KunalYadav273

At the close of the year, Neon Lighting compares applied and actual overhead expenses and discovers that applied costs are greater than real expenditure since the production overrun account has a receivable.

How you employ quantities?

When referring to a proper pronoun that CANNOT be measured, use the word amount. When addressing to either a plural or a singular term that CAN be counted, use number.

How should quantities be written?

The dollar symbol ($) and the sum of whole dollars are written after the decimals to represent the amount. Put an decimal point after that. Then, to the left of the decimal, enter the amount in cents ().

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