Final answer:
The balance in the Manufacturing Overhead Control account typically does not equal the Manufacturing Overhead Allocated account in a normal costing system, as actual overhead and estimated overhead allocated to production regularly differ.
Step-by-step explanation:
In a normal costing system, the statement that the Manufacturing Overhead Control account will equal the amounts in the Manufacturing Overhead Allocated account is typically false.
During an accounting period, the Manufacturing Overhead Control account is debited with actual overhead costs as they are incurred, reflecting the actual amount of overhead expense a company has used.
Conversely, the Manufacturing Overhead Allocated account is credited with estimated overhead costs based on the predetermined overhead rate, which is applied to the actual amount of the allocation base incurred, such as direct labor hours or machine hours used.
At the end of the period, any difference between the actual overhead costs and the estimated costs allocated to production results in either overhead underapplied (actual > allocated) or overapplied (actual < allocated).
Therefore, it's uncommon for these two accounts to have equal balances at the end of the accounting period.