Asked by Celeste Machado on Jul 18, 2024

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Overapplied overhead means that actual manufacturing overhead costs were greater than the manufacturing overhead costs applied to jobs.

Overapplied Overhead

A situation where the allocated manufacturing overhead costs for a period exceed the actual overhead costs incurred.

Manufacturing Overhead Costs

All indirect costs associated with the production process, such as utilities, rent, and salaries for non-direct labor.

  • Comprehend the concept of overapplied overhead and its implications on cost management.
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KS
Kishy smithJul 24, 2024
Final Answer :
False
Explanation :
Overapplied overhead means that the manufacturing overhead costs applied to jobs were greater than the actual manufacturing overhead costs incurred.