Question: Two separate companies report the information below. Activity during the period Direct materials Direct labor Indirect materials Indirect labor Other overhead Cost of goods sold

Two separate companies report the information below.
Activity during the period
Direct materials
Direct labor
Indirect materials
Indirect labor
Other overhead
Cost of goods sold (before under- or overapplied overhead)
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Required 2
Required 3
Determine whether overhead is overapplied or underapplied for each company.
Two separate companies report the information

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