If actual overhead costs are less than applied overhead costs, overhead is underapplied.
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Q99: In a normal cost system, estimated "norms"
Q100: Both normal and standard costing systems overcome
Q101: Overhead may contain both variable and fixed
Q102: A predetermined overhead rate is calculated as
Q103: A flexible budget shows expected overhead costs
Q105: Actual overhead costs are shown on the
Q106: When raw material is placed into production,
Q107: Total cost of goods to account for
Q108: Cost of goods manufactured can be computed
Q109: Under- or overapplied overhead is closed at
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