If manufacturing overhead allocated is less than the actual manufacturing overhead incurred, then jobs have been overcosted.

Name: If manufacturing overhead allocated is less than the actual manufacturing overhead incurred, then jobs have been overcosted.
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Quizplus · Accepted Answer

If manufacturing overhead allocated is less than the actual manufacturing overhead incurred, then jobs have been undercosted, not overcosted. Overcosting occurs when the allocated overhead is greater than the actual overhead incurred.

If Manufacturing Overhead Allocated Is Less Than the Actual Manufacturing