(Appendix 11A)If all four of Argo Corporation's overhead variances are favorable, Argo's overhead will be underapplied.

Name: (Appendix 11A)If all four of Argo Corporation's overhead variances are favorable, Argo's overhead will be underapplied.
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If all four overhead variances are favorable, it means that the actual overhead costs were lower than the expected or budgeted overhead costs. This indicates that Argo Corporation's overhead will be overapplied, not underapplied.

(Appendix 11A)If All Four of Argo Corporation's Overhead Variances Are