Reference no: EM132738764

Problem 1: Applied Factory Overhead is debited and Factory Overhead is credited to:

Group of answer choices

Option 1: close the estimated overhead account to actual overhead

Option 2: to record overapplied

Option 13: charge estimated overhead to all jobs worked on during the period

Option 4: record the actual factory overhead for the period

Problem 2: Joint costs are:

Group of answer choices

Option 1: revenue expenditures

Option 2: costs of facilities or services employed by two or more operations

Option 3: incurred when the production of one product is possible only if other products are produced at the same

Option 4: direct costs