Q. Identify the circumstances where under- or over-recovery of overhead will occur: (Solved)
1. Actual overhead costs are different from budgeted overheads
2. The actual activity level is different from the budgeted activity level
3. Actual overhead costs and actual activity level differ from the budgeted costs and level
4. All of the above
- c. Actual overhead costs and actual activity level differ from the budgeted costs and level