The amount by which the overhead applied to jobs during a period exceeds the overhead incurred during the period is known as:_____________
a) Predetermined overhead.
b) Overapplied overhead.
c) Estimated overhead.
d) Adjusted overhead.
e) Underapplied overhead.

Option B is Correct. The amount by which the overhead applied to jobs during a period exceeds the overhead incurred during the period is known as Overapplied overhead.

Overapplied Overhead

Overapplied overhead is the amount that exceeds the estimated overhead amount actually incurred during a production period, hence it is called overapplied.

Overapplied overhead is the amount by which the overhead applied jobs exceeds the overhead incurred, hence the correct option is B.

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The amount by which the overhead applied to jobs during a period exceeds the overhead incurred during the period is known as:_____________ a) Predetermined overhead. b) Overapplied overhead. c) Estimated overhead. d) Adjusted overhead. e) Underapplied overhead.

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Overapplied Overhead

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The amount by which the overhead applied to jobs during a period exceeds the overhead incurred during the period is known as:_____________
a) Predetermined overhead.
b) Overapplied overhead.
c) Estimated overhead.
d) Adjusted overhead.
e) Underapplied overhead.