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Question Five (10 marks) In the situation when a predetermined overhead is used, under or over applied of overhead often surfaced. What is overapplied or

Question Five (10 marks)
In the situation when a predetermined overhead is used, under or over applied of overhead often surfaced. What is overapplied or underapplied overhead? How does management accountant deal with the situation to ensure no balancing amount is left on the account?

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