If a manufacturer finds that the amount of manufacturing overhead allocated to a job is less than the actual amount of manufacturing overhead incurred, then the jobs are overcosted.
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Q195: London Ceramics makes custom ceramic tiles. During
Q196: An overallocation of manufacturing overhead is typically
Q197: The amount of overallocation or underallocation is
Q198: If the actual amount of the manufacturing
Q199: Overallocated and underallocated manufacturing overhead is calculated
Q201: Overallocated manufacturing overhead results when
A)production is less
Q202: If manufacturing overhead has been underallocated during
Q203: Underallocated manufacturing overhead results when
A)production is greater
Q204: If manufacturing overhead has been overallocated during
Q205: Manufacturing overhead is underallocated if the amount
A)estimated
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