The Amount of Overallocation or Underallocation Is Found by Taking

question 211

True/False

The amount of overallocation or underallocation is found by taking the difference between the amount of overhead allocated during the year and the amount of overhead incurred during the year.

---

Definitions:

Sum Squares Error (SSE)

The total deviation of the observed values from their mean, a measure used in statistics to describe the discrepancy between the data and an estimation model.

Sum Squares Treatments (SST)

The total variation attributed to the differences among group levels in an analysis of variance.

ANOVA Model

A statistical method (Analysis of Variance) used to compare means across three or more groups for statistical significance.

Sum Squares Treatments (SST)

The total variation attributed to different treatments in an analysis of variance (ANOVA) context, measuring the difference between treatment means and the overall mean.