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Find underapplied and overapplied overhead arise because

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Reference no: EM132637254

Problem 1: Underapplied and overapplied overhead arise because

a. none of the above

b. the overhead rate and the amount of the allocation base used by the product are both estimates

c. the usage of the overhead allocation base by the product, e.g. machine hours is an estimate

d. overhead applied to the product during the year, based on an estimated overhead rate, is compared with actual overhead incurred

Reference no: EM132637254

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