Final answer:
Factory overhead is not normally assigned to work-in-process immediately. It is allocated at the end of the accounting period.
Step-by-step explanation:
No, factory overhead is not normally assigned to work-in-process immediately as overhead expenses are incurred.
Factory overhead, also known as manufacturing overhead, consists of indirect costs incurred during the manufacturing process, such as rent, utilities, and equipment maintenance.
These costs are not directly traced to specific units of production and are allocated to products based on predetermined overhead rates or other allocation methods.
The allocation of factory overhead occurs at the end of the accounting period, once the actual amount of overhead incurred is known.