If overhead is underapplied, it means that individual jobs have been charged too much during the year and the cost of goods sold reported is too high.

Name: If overhead is underapplied, it means that individual jobs have been charged too much during the year and the cost of goods sold reported is too high.
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Question

Quizplus · Accepted Answer

If overhead is underapplied, it means that not enough overhead costs have been allocated to individual jobs during the year. This would result in the cost of goods sold reported being too low.

If Overhead Is Underapplied, It Means That Individual Jobs Have