What is Underapplied and Overapplied overhead?

What is Underapplied and Overapplied overhead? Underapplied Overhead vs. Underapplied overhead is the opposite of overapplied overhead. This means that a company comes in under budget and achieves a lower amount of overhead costs during the accounting period. Businesses must account for overapplied overheads as well. What is the difference between Overapplied and Underapplied overhead? … Continue reading What is Underapplied and Overapplied overhead?