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For Scorin Answers The measure used to allocate overhead that reflects its consu

ID: 2515361 • Letter: F

Question

For Scorin Answers The measure used to allocate overhead that reflects its consumption is called 21. 21 22. As factory overhead costs are incurred, they are debited to a . 23. The balance in the factory overhead account is carried torward from month to month on the interim balance sheets as a...... The work in process account of a firm engaged in providing services is made up of: 23. 24-25. 24. 25 26. If the amount of factory overhead applied exceeds the actual factory 24. 25.- overhead costs, the factory overhead account balance will be a (debit or credit) 26.- 27. The factory overhead in No. 26 is said to be 28. The form used to record the amount of time spent by an employee in the 27 factory is 28. 29. The controlling account for the cost ledger is 30. The related subsidiary ledger for the finished goods controlling account 29. is called the 30.

Explanation / Answer

Answers to the questions

Q No Question Answer 21 The measure used to allocate overhead that reflects its consumption is called... An activity base, or allocation base, or activity driver 22 As factory overhead costs are incurred, they are debited to a.... Factory Overhead Account 23 The balance in the factory overhead account is carried forward from month to month on the interim balance sheets as a... deferred debit or credit 24-25 The work in process account of a firm engaged in providing services is made up of.. 24 Billable time 25 Expnese already incurred but in the process of billing 26 If the amount of factory overhead applied exceeds the actual factory overhead costs, the factory overhead account balance will be (debit or credit) Credit balance 27 The factory overhead in No.26 is said to be Overapplied or overabsorbed factory overhead 28 The form used to record the amount of time spent by an employee in the factory is... Timesheet 29 The controlling account for the cost ledger is .. Work in process ledger control account 30 The related subsidiary ledger for the finished goods controlling account is called the .. Finished goods account
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