Question: What is the effect if the estimated overhead is less than the actual overhead on a job? Overhead is underallocated and the cost of goods

What is the effect if the estimated overhead is less than the actual overhead on a job?
Overhead is underallocated and the cost of goods sold is too high.
Overhead is overallocated and the cost of goods sold is too low.
Overhead is overallocated and the cost of goods sold is too high.
Overhead is underallocated and the cost of goods sold is too low.

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