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What adjustment made for underapplied overhead on schedule

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Reference no: EM132757892

Problem 1: What is underapplied overhead? Overapplied overhead? What disposition is made of these amounts at the end of the period?

Problem 2: Provide two reasons why overhead might be underapplied in a given year.

Problem 3: What adjustment is made for underapplied overhead on the schedule of cost of goods sold? What adjustment is made for overapplied overhead?

Reference no: EM132757892

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