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1. Determine the amount of underapplied or overapplied manufacturing overhead for the period. 2. Assume that the companys underapplied or overapplied overhead is closed to

1. Determine the amount of underapplied or overapplied manufacturing overhead for the period. 2. Assume that the companys underapplied or overapplied overhead is closed to Cost of Goods Sold. Would the journal entry to dispose of the underapplied or overapplied overhead increase or decrease the companys gross margin? By how much?

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