Question: need some help Comment on the following statement: In a normal costing system, the amounts in the Manufacturing Overhead Control account will always equal the
need some help
Comment on the following statement: "In a normal costing system, the amounts in the Manufacturing Overhead Control account will always equal the amounts in the Manufacturing Overhead Allocated account" A. The statement is false. In a normal costing system, the Manufacturing Overhead Control account will, in general, equal the amounts in the Manufacturing Overhead Allocated costs to jobs on the becturing Overhead Control account aggregates the estimated overhead costs, while Manufacturing Overhead Allocated allocates estimated overhead actual quantity of the cost allocation base. Allocated account. The Manufalul costing system, the Manufacturing Overhead Control account will not, in general, equal the amounts in the Manufacturing Overhead C. The statement is true. In a normal costing system, the Manufacturing Overhead Control account will, in general, equal the amounts in the Manufacturing Overhead Allocated jobs on the basis of the actual rate divided by the actual quantity of the actual overhead costs incurred, while Manufacturing Overhead Allocated allocates overhead costs to D. None of the above
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