Claire Corporation allocates (applies) Overhead based on direct labor hours. Here is selected Data from the Jacob Corporation:\ Estimated Manufacturing Overhead (MOH)

$500,000

\ Actual Manufacturing Overhead (

MOH

\

Estimated DLH 50,000

\ Actual DLH 55,000\ Since actual MOH is

$20,000

less than estimated

MOH

, then overhead must have been overallocated by

$20,000

.\ True\ False

Claire Corporation allocates (applies) Overhead based on direct labor hours. Here is selected Data from the Jacob Corporation: Since actual MOH is $20,000 less than estimated MOH, then overhead must have been overallocated by $20,000. True False