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J. How accurate was the estimate for actual overhead for the period? Was overhead over- or under-applied for the period? Review the formula used

J. How accurate was the estimate for actual overhead for the period? Was overhead over- or under-applied for the period? Review the formula used in question A. Do differences in actual or applied overhead always reflect errors in the estimating and forecasting process? Or in the production process? Why or why not? 3

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