Question: A company assigned overhead to Work in Process Inventory. At year end, what does it mean if overhead is overapplied? The overhead assigned to Work

A company assigned overhead to Work in Process Inventory. At year end, what does it mean if overhead is overapplied?
The overhead assigned to Work in Process Inventory is less than the actual overhead.
The overhead assigned to Work in Process Inventory is greater than the estimated overhead costs.
The overhead assigned to Work in Process Inventory is less than the estimated overhead costs.
The overhead assigned to Work in Process Inventory is greater than the overhead incurred.
A company assigned overhead to Work in Process Inventory. At year

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