Multiple Choice
Assume the following: Actual overhead costs equaled estimated overhead. Actual direct labor hours exceeded estimated direct labor hours used to calculate the predetermined overhead rate. If overhead is applied using the predetermined overhead rate, then overhead is
A) $-0-.
B) underapplied.
C) overapplied.
D) indeterminable from the information given.
Correct Answer:
Verified
Correct Answer:
Verified
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