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At the end of an accounting period, if a manufacturing company determines that its factory overhead was underapplied by an immaterial amount, the company should:
At the end of an accounting period, if a manufacturing company determines that its factory overhead was underapplied by an immaterial amount, the company should: Select one: O a. Carry the underapplied overhead amount to the income statement as "Other Expense". O b. Carry the underapplied overhead amount over to the next accounting period. Oc Close the underapplied overhead amount to Cost of Goods Sold. Od. Close the underapplied overhead amount to Finished Goods Inventory. e. Do nothing, since the underapplied amount is not material. Clear my choice
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