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A company has UNDERAPPLIED overhead for the year. If all other things remain constant, which of the following will give the company the highest net

A company has UNDERAPPLIED overhead for the year. If all other things remain constant, which of the following will give the company the highest net operating income?

Multiple Choice

Allocating the underapplied overhead to the appropriate accounts
Closing the underapplied overhead totally to Cost of Goods Sold

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