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aniked [119]
3 years ago
8

The amount by which the overhead applied to jobs during a period exceeds the overhead incurred during the period is known as: Mu

ltiple Choice 1. Adjusted overhead. 2. Estimated overhead. 3. Predetermined overhead. 4. Underapplied overhead. 5. Overapplied overhead.
Business
1 answer:
liubo4ka [24]3 years ago
5 0

Answer:

E. Over applied overhead

Explanation:

Over applied overhead is defined as excess amount of overhead applied during a production period over the actual overhead incurred during that period. In other words, it means excess overhead applied to work over the amount of overhead actually incurred.

When this occurs, it is called favourable variance and it is added to the budgeted profit in the end of the accounting period in a financial statement.

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<h3>What are the production possibilities, frontier model?</h3>

The graph known as the Production Possibilities Frontier (PPF) illustrates all the possible output combinations of two items that can be created with the resources and technologies currently in use. The PPF effectively expresses the ideas of choice, tradeoffs, and scarcity.

Frontier of Assumptions for Production PPF's first presumption is that the current technology setup or infrastructure will not change. The second presumption is that it only compares two goods or services that make use of the same resources.

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