Under-applied overhead indicates:
A) An amount applied to jobs is smaller than the amount actually spent on overhead.
B) An amount applied to jobs is larger than the amount actually spent on overhead.
C) The predetermined overhead rate was calculated incorrectly.
D) The budget needs to be revised.
E) None of the above.
Correct Answer:
Verified
Q26: Under- over-applied overhead is computed as:
A)Actual overhead
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