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Assume that the manufacturing overhead cost charged is greater than it actually incurred. Which of the following is not correct? This happens when the estimated

Assume that the manufacturing overhead cost charged is greater than it actually incurred. Which of the following is not correct?

This happens when the estimated manufacturing overhead costs is greater than the actual ones incurred.

There will be an over-applied balance

COGS would be overstated without relevant adjusting entries

Inventory would be understated

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