If manufacturing overhead has been underallocated during the year,it means the jobs have been overcosted.

Name: If manufacturing overhead has been underallocated during the year,it means the jobs have been overcosted.
Brand: Quizplus
Rating: 4.7 (56 reviews)

Question

Quizplus · Accepted Answer

If manufacturing overhead has been underallocated during the year, it means that the actual manufacturing overhead costs incurred were higher than the estimated manufacturing overhead costs. As a result, the jobs have been undercosted, not overcosted.

If Manufacturing Overhead Has Been Underallocated During the Year,it Means