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Cornerstones of Managerial Accounting Study Set 1
Quiz 5: Job-Order Costing
If Actual Overhead Is Less Than Applied Overhead,the Variance Is
Question 108
True False
If actual overhead is less than applied overhead,the variance is called underapplied overhead.
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Q 109
If actual overhead is greater than applied overhead,the variance is called underapplied overhead.
Q 110
Actual overhead is reconciled with applied overhead at the end of the period.
Q 111
Departmental overheads can be added together to get plantwide overhead.
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