Choose TRUE or FALSE as applicable next to each of the following items as they...
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Accounting
Choose TRUE or FALSE as applicable next to each of the following items as they pertain to under/over-applied manufacturing overhead at the end of the period.
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If actual manufacturing overhead costs exactly equal estimated costs, there will be no under-applied or over-applied manufacturing overhead. [ Choose ]
Differences between the actual versus estimated allocation base quantity will not cause under/over-applied manufacturing overhead. [ Choose ]
If actual manufacturing overhead incurred exceeds estimated manufacturing overhead allocated, a net credit balance will remain.
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