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For the accounting period just ended, Abway Company's actual overhead costs equalled estimated overhead. Actual direct labour hours exceeded estimated direct labour hours used to
For the accounting period just ended, Abway Company's actual overhead costs equalled estimated overhead. Actual direct labour hours exceeded estimated direct labour hours used to calculate the predetermined overhead rate. If overhead is applied using the predetermined overhead rate, then overhead would be
a.
Overapplied
b.
Underapplied
c.
$-0-
d.
Overhead cannot be determined from the information given
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