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Under-applied overhead indicates: A An amount applied to jobs is smaller than the amount actually spent on overhead. B An amount applied to jobs is

Under-applied overhead indicates: A An amount applied to jobs is smaller than the amount actually spent on overhead.

B An amount applied to jobs is larger than the amount actually spent on overhead.

C The predetermined overhead rate was calculated incorrectly.

D The budget needs to be revised.

E None of the above.

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