When there are differences between estimates and actual amounts, one outcome is under or over applied overhead.

Name: When there are differences between estimates and actual amounts, one outcome is under or over applied overhead.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

When actual overhead costs differ from the estimated overhead costs allocated to products, it results in under-applied (if actual costs are higher) or over-applied (if actual costs are lower) overhead.

When There Are Differences Between Estimates and Actual Amounts, One