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Question 2 5 pts At the start of the year a company budgets overhead for $225,000. During the course of the year $219,000 of overhead
Question 2 5 pts At the start of the year a company budgets overhead for $225,000. During the course of the year $219,000 of overhead is allocated. At the end of the year, the company actually spent $221,000 on overhead. A. To determine if overhead is overallocated or underallocated, which two amounts should be compared? (Budget, Allocated, Actual?) B. Is overhead underallocated or overallocated in this case? C. By how much money is it underallocated or overallocated? D. The amount in C. is written off to what account through an adjusting journal entry? Edit View Insert Format Tools Table
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