Overallocated overhead costs occur when the overhead costs allocated to work in process inventory are less than the amount actually incurred.

Name: Overallocated overhead costs occur when the overhead costs allocated to work in process inventory are less than the amount actually incurred.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Overallocated overhead costs occur when the overhead costs allocated to work in process inventory are more than the amount actually incurred, not less.

Overallocated Overhead Costs Occur When the Overhead Costs Allocated to Work