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TRUE OR FALSE 1.Underapplied overhead costs are applied to jobs that are less than actual overhead costs. 2.Overapplied overhead costs occurs when actual costs exceed
TRUE OR FALSE
1.Underapplied overhead costs are applied to jobs that are less than actual overhead costs.
2.Overapplied overhead costs occurs when actual costs exceed actual overhead costs.
3.Direct labor tends to be the most significant cost for manufacturers.
4.Service organizations do not have to track direct materials if the cost is immaterial.
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