King Company uses a predetermined overhead rate to allocate fixed manufacturing overhead to production. The cost driver is number of machine hours. At the end of the accounting period, it was determined that actual overhead cost was greater than estimated overhead cost. Assuming the estimate for number of machine hours was accurate: Multiple Choice O Too much cost was assigned to products during the accounting period. Too little cost was assigned to products during the accounting period.

King Company uses a predetermined overhead rate to allocate fixed manufacturing overhead to production. The cost driver is number of machine hours. At the end of the accounting period, it was determined that actual overhead cost was greater than estimated overhead cost. Assuming the estimate for number of machine hours was accurate: Multiple Choice Too much cost was assigned to products during the accounting period. Too little cost was assigned to products during the accounting period. Too much cost was assigned to products during the accounting period. Too little cost was assigned to products during the accounting period. The correct amount of cost was assigned to products during the accounting period. The answer cannot be determined from the information provided