What causes manufacturing overhead to be overallocated? When manufacturing overhead is overallocated, will the Manufacturing Overhead account have a debit or a credit balance?
What will be an ideal response?
Manufacturing overhead is overallocated when the actual manufacturing overhead costs are less than allocated manufacturing costs. Manufacturing Overhead will have a credit balance.
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A trade fixture is a fixture that is traded in by the owner when purchasing new fixtures
Indicate whether the statement is true or false