TRUE FALSE -Unit 4.4 te whether each of the following is true (T) or false (F) in the space provided. 1. Overhead is underapplied when estimated overhead is less than actual overhead. 2. A zero balance in the manufacturing overhead account indicates that actual overhead cost and applied overhead cost are equal, so that all inventory is reflected at actual cost. period or leave the balance in the Manufacturing Overhead Control account. Overhead account is credited. 3. Companies can either dispose of under- and overapplied overhead at the end of the 4. When overapplied overhead is disposed of at the end of the year, the Manufacturing keep track of overhead costs