After posting all actual factory overhead and applying factory overhead to produ

Question

After posting all actual factory overhead and applying factory overhead to production departments in a process costing system,
A. There will never be underapplied overhead.
B. There will never be overapplied overhead.
C. There will always be underapplied overhead.
D. There will always be overapplied overhead.
E. There may be over or underapplied overhead


Cost-volume-profit analysis is based on three basic assumptions. Which of the following is not one of these assumptions?
A. Total fixed costs remain constant over changes in volume.
B. Curvilinear costs change proportionately with changes in volume throughout the relevant range.
C. Variable costs per unit of output remain constant as volume changes.
D. Sales price per unit remains constant as volume changes.
E. All of these are basic assumptions

Explanation / Answer

E) B)

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