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A companys Factory Overhead account shows total debits of $1,248,000 and total credits of $1,292,000 at the end of the year. Underapplied overhead equals $44,000.

A companys Factory Overhead account shows total debits of $1,248,000 and total credits of $1,292,000 at the end of the year. Underapplied overhead equals $44,000. True /False

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