Reference no: EM131764299

Same as before, pick one to answer and explaining.

1. Nokia applies overhead to product costs. What account(s) is(are) used to eliminate overapplied or underapplied overhead from the Factory Overhead account, assuming the amount is not material?

2. What events cause debits to be recorded in the Factory Overhead account? What events cause credits to be recorded in the Factory Overhead account?

3. What information is recorded on a job cost sheet? How do management and employees use job cost sheets?