Question: Underapplied manufacturing overhead is usually: a.) subtracted from work in process. b.) subtracted from cost of goods sold; c.) added to raw materials; d.) added

Underapplied manufacturing overhead is usually:

a.) subtracted from work in process.

b.) subtracted from cost of goods sold;

c.) added to raw materials;

d.) added to cost of goods sold;

Which of the following would probably be the most appropriate allocation base for allocating overhead in a highly automated manufacturing plant?

a.) direct material costs.

b.) machine-hours;

c.) direct labor costs;

d.) direct labor-hours;

Which of the following would NOT be a product cost for an automobile manufacturer?

a.) depreciation on finished goods warehouse;

b.) tires installed on automobiles.

c.) maintenance supplies used in the manufacturing plant;

d.) property taxes on the manufacturing plant;

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