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1. Two of the reasons why manufacturing overhead may be underapplied are: (1) the estimated total manufacturing overhead cost may have been too high; and (2) the estimated total amount of the allocation base may have been too low. ?

True

False

2. The cost of goods manufactured for a period includes only the costs of units that are completed during the period.

True

False

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92676726

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