Based on the already-solved problem of Stanford Enterprises uses job-order costing in Excell (link is as following) , can you answer the following three questions? Computing Overhead Rate and Preparing Schedules of Cost of Goods Based upon the Excel assignment completed, what are possible causes for the difference between allocated and actual overhead? What steps, if any, can a business take to minimize differences between allocated and actual overhead? What is the impact on a business' income statement if overhead is consistently underapplied to jobs?

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