Which terms will make the following statement true? When manufacturing overhead is overapplied,the Manufacturing Overhead account has a __________ balance and applied manufacturing overhead is greater than __________ manufacturing overhead.

Question

Quizplus · Accepted Answer

When manufacturing overhead is overapplied, it means that the actual manufacturing overhead incurred is less than the amount of manufacturing overhead applied. Therefore, the Manufacturing Overhead account will have a credit balance (option B), indicating that more manufacturing overhead was applied than actually incurred. The terms "actual" and "estimated" are not relevant to the answer.

Which Terms Will Make the Following Statement True? When Manufacturing