When the under or over absorbed amount is quite negligible, it is transferred to

Related MCQs

• In case the amount of under or over absorbed overheads is significant, this rate is calculated to adjust the amount in the cost.
• ……………..is the amount by which the absorbed overheads fall short of the actual amount of overheads incurred.
• When the amount of overhead absorbed is less than the amount of overhead incurred it is known as
• When the amount of overheads absorbed is less than the amount of overheads actually incurred.
• …………….is the excess of overheads absorbed over the actual amount of overheads incurred.
• The excess of overheads absorbed over the actual amount of overheads incurred is called: -
• At the end of a financial period, accounting entries for under absorbed overheads would be
• In an integrated accounting system the accounting entries for factory overhead absorbed would be :
• The cost of …………..process loss is absorbed in the cost of production of good units.
• Material costs which cannot be allocated but which are to be apportioned or absorbed by cost centres or cost units.