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1.Describe a situation that may cause manufacturing overhead to be over-allocated in a given year....

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Accounting

1.Describe a situation that may cause manufacturing overhead to be over-allocated in a given year. Also, describe a situation that may cause manufacturing overhead to be under-allocated in a given year.

2. Think of a business or organization that would use process costing. What type of waste are likely to be generated during the manufacturing process? Are there ways to avoid this waste or minimize it? How might managerial accounting support the efforts to reduce waste in the production process?

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