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One way is to adjust the COGS ( cost of goods sold). If overhead is under allocated add the difference to COGS, if it is over allocated subtract it from COGS.

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Q: What are three Possible ways to dispose of under-allocated or overa-allocated overhead costs at the end of a fiscal year?
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If actual overhead for the year is 33451 and applied overhead is 32000 is the overhead variance over applied or under applied assuming the amount is immaterial how would you dispose of the variance?

Difference between actual overhead and applied overhead is as follows: Difference = 33451 - 32000 = 1450 Difference of variance will be charged to income statement.


Is it illegal for executrix being the deceased's spouse to dispose of their personal and financial records before the estate is settled?

The executrix has a responsibility to keep proper records, and in England and Wales would be liable for the rest of her life for her conduct of the estate. The short answer to your question is: no.


How long do you keep cancelled checks?

I usually tear up cancelled checks and dispose them. Once a check is cancelled it is worthless and useless. So there is no need to safe keep them. However it is a good idea to tear them into small pieces to ensure that no one can misuse it.


How long do you keep cancelled personal checks?

I usually tear up cancelled checks and dispose them. Once a check is cancelled it is worthless and useless. So there is no need to safe keep them. However it is a good idea to tear them into small pieces to ensure that no one can misuse it.


How does depreciation affect cash flow statement?

Depreciation does not effect cash flow statement as depreciation is not a cash expense rather it is just a treatement to dispose off the value of asset according to useful life of asset and the cost of asset is already shown in cash flow statement when asset is purchased.

Related questions

If actual overhead for the year is 33451 and applied overhead is 32000 is the overhead variance over applied or under applied assuming the amount is immaterial how would you dispose of the variance?

Difference between actual overhead and applied overhead is as follows: Difference = 33451 - 32000 = 1450 Difference of variance will be charged to income statement.


How do you dispose of an entity that is hostile and possible possessing a human?

the rituali romanum


Which is correct dispose off or dispose of?

Dispose of matchbook collection


What is a sentence with the word dispose?

We should dispose the body.They dispose the waste into the bin.We need to dispose the tyrant before he gets out of hand.


What is the difference between dispose of and dispose off?

The difference between dispose of and dispose off is that one is correct and the other is not. You would use dispose of if you mean to get rid of something.


Is dispose a noun?

No, the word 'dispose' is a verb: dispose, disposes, disposing, disposed.The noun forms for the verb to dispose are disposal, disposition, disposer, and the gerund, disposing.


How will you dispose of your old computer if a dispose a new computer?

Why dispose your old computer then dispose your new computer? Every city has a day where you can drop off your electronic junk


How do you dispose of liquid waste?

you dispose it properly where it will not harm anything or anybody.


How do you dispose of unused peritoneal solution?

where do I dispose unused periitoneal solution


Is dispose a preposition?

No, it is not. The word dispose is a verb (to get rid of, throw away).


How do you dispose of a CMOS battery?

You would dispose of such as you do any other battery.


How do you use the word dispose in a sentence?

Well, first of all I'm going to say that "dispose" means to dispose of. For example, you might say to your mum, "Oh, please dispose of that rubbish immediately!" Does that answer your question?