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What is underapplied overhead? What is overapplied overhead? What disposition is made of these amounts at the end of the period? Provide reasons for why
What is underapplied overhead? What is overapplied overhead? What disposition is made of these amounts at the end of the period? Provide reasons for why overhead might be underapplied or overapplied for the year. What adjustments are made for underapplied overhead on the schedule of cost of goods sold? What adjustment is made for overapplied overhead on the schedule of cost of goods sold?
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