For the accounting period just ended, Abway Companys actual overhead costs equaled estimated total overhead...
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Accounting
For the accounting period just ended, Abway Companys actual overhead costs equaled estimated total overhead costs used in the predetermined overhead rate calculation. During the year, estimated direct labor hours exceeded actual direct labor hours used to calculate the predetermined overhead rate. If overhead is applied using the predetermined overhead rate, then overhead would be-- I think given this data it would be overapplied but because we would have applied too much overhead?
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