overapplied manufacturing overhead exists when overhead assigned to work in process 617641
Overapplied manufacturing overhead exists when overhead assigned to work in process is:
- more than overhead incurred and there is a debit balance in Manufacturing Overhead at the end of a period.
- less than overhead incurred and there is a debit balance in Manufacturing Overhead at the end of a period.
- more than overhead incurred and there is a credit balance in Manufacturing Overhead at the end of a period.
- less than overhead incurred and there is a credit balance in Manufacturing Overhead at the end of a period.