Overallocated manufacturing overhead occurs when the manufacturing overhead allocated to Work in process inventory is less than the amount actually incurred.

Name: Overallocated manufacturing overhead occurs when the manufacturing overhead allocated to Work in process inventory is less than the amount actually incurred.
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Quizplus · Accepted Answer

Overallocated manufacturing overhead occurs when the manufacturing overhead allocated to Work in process inventory is more than the amount actually incurred.

Overallocated Manufacturing Overhead Occurs When the Manufacturing Overhead Allocated to Work